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Caixin Global
Caixin Global
Business

Ex-Taiping Life Boss Booted From Party for Alleged Graft

Insurance Wang Bin Caixin CCDI

What’s new: Zhang Ke, a former general manager and Communist Party committee chief of state-owned Taiping Life Insurance Co. Ltd., has been expelled from the party for corruption, China’s top graft buster announced Sunday.

Zhang had abused his power to help others, such as in securing business contracts, in exchange for “huge sums” of bribes, the Central Commission for Discipline Inspection (CCDI) said.

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