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Caixin Global
Caixin Global
Business
Wu Yujian and Qing Na

Boss of New China Asset Management Disappears, Sources Say

Zhang Chi NCL Caixin
Zhang Chi. Photo: File photo

The general manager of New China Life Insurance Co. Ltd.’s (NCL) onshore asset management subsidiary is missing and has likely been detained by graft-busters, sources with knowledge of the issue told Caixin.

People close to the state-owned insurer said that Zhang Chi has been removed from his positions at New China Asset Management Corp. Ltd. (NCAMC). Multiple attempts by Caixin to reach out to either Zhang or NCL were unsuccessful.

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