Wang Bin (; born November 1958) is a former Chinese business executive and senior economist who served as chairman and party secretary of

China Life Insurance Company China Life Insurance Company Limited (short China Life, ) is a Beijing-headquartered China-incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list. See also *Pe ...

from 2018 to 2022 and chairman and party secretary of from 2012 to 2018. As of January 2022 he was under investigation by China's top anti-corruption agency. He was a representative of the

19th National Congress of the Chinese Communist Party The 19th National Congress of the Chinese Communist Party (commonly referred to as ''Shíjiǔ Dà''; ) was held at the Great Hall of the People, Beijing, between 18 and 24 October 2017. 2,280 delegates represented the party's estimated 89 mill ...

and a member of the Social and Legal Affairs Committee of the 13th National Committee of the

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC, zh, 中国人民政治协商会议), also known as the People's PCC (, ) or simply the PCC (), is a political advisory body in the People's Republic of China and a central part of ...

Biography

Wang was born in

Harbin Harbin (; mnc, , v=Halbin; ) is a sub-provincial city and the provincial capital and the largest city of Heilongjiang province, People's Republic of China, as well as the second largest city by urban population after Shenyang and largest ...

Heilongjiang Heilongjiang () formerly romanized as Heilungkiang, is a province in northeast China. The standard one-character abbreviation for the province is (). It was formerly romanized as "Heilungkiang". It is the northernmost and easternmost province ...

, in November 1958. During the late

Cultural Revolution The Cultural Revolution, formally known as the Great Proletarian Cultural Revolution, was a sociopolitical movement in the People's Republic of China (PRC) launched by Mao Zedong in 1966, and lasting until his death in 1976. Its stated goal ...

, he worked as a

sent-down youth The sent-down, rusticated, or "educated" youth (), also known as the ''zhiqing'', were the young people who—beginning in the 1950s until the end of the Cultural Revolution, willingly or under coercion—left the urban districts of the ...

in a farm of his home-province. Beginning in July 1983, he served in several posts in Heilongjiang Provincial People's Government, including staff of Department of Commerce, staff of Economic Reform Commission, and secretary of General Office of Heilongjiang Provincial People's Government. He joined the

Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victoriou ...

in February 1985. In September 1990, he became deputy director of Heilongjiang Branch Office of the

People's Bank of China The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...

, and nine months later, he was transferred to

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

and appointed head of Secretariat of the General Office of the People's Bank of China. He served in various posts in the

Agricultural Development Bank of China The Agricultural Development Bank of China is a Chinese policy bank under the State Council of the People's Republic of China. As such, it is responsible for funding projects related to China's economic growth. If the ADBC requires funding f ...

before serving as president of Tianjin Branch of the

Bank of Communications Bank of Communications Limited (BoComm) (; often abbreviated as ), is the fifth-largest bank in mainland China. Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have issued banknotes in mo ...

in January 2000. In December 2002, he was appointed president of Beijing Branch of the Bank of Communications. After this office was terminated in May 2005, he became vice president of the Bank of Communications, serving until March 2012. In March 2012, he was appointed chairman and party secretary of , a position at vice-ministerial level, he remained in that position until September 2018, when he was made chairman and party secretary of

Downfall

On 8 January 2022, Wang was put under investigation for alleged "serious violations of discipline and laws" by the

Central Commission for Discipline Inspection The Central Commission for Discipline Inspection (CCDI) is the highest internal control institution of the Chinese Communist Party (CCP), tasked with enforcing internal rules and regulations and combating corruption and malfeasance in the par ...

(CCDI), the party's internal disciplinary body, and the

National Supervisory Commission National Supervisory Commission of the People's Republic of China is the highest anti-corruption agency of the People's Republic of China, at the same administrative ranking as Supreme People's Court and Supreme People's Procuratorate. Its opera ...

, the highest anti-corruption agency of China. On September 1, he was expelled from the CCP and dismissed from public office.

References

{{DEFAULTSORT:Wang, Bin 1958 births Living people People from Harbin Southwestern University of Finance and Economics alumni Nankai University alumni People's Republic of China economists Businesspeople from Heilongjiang People's Republic of China politicians from Heilongjiang Chinese Communist Party politicians from Heilongjiang Expelled members of the Chinese Communist Party