Sign Up
Login

Former New China Life Insurance chair handed suspended death sentence

Written by Adam Cadle
21/11/2025

The former chairman of New China Life Insurance, Li Quan, has been sentenced to death with a two-year reprieve on corruption charges by a court in Shandong.

The court said Quan took more than 200m yuan through embezzlement and bribes from 2010 to 2024.

Furthermore, from June 2015 to March 2024, Quan took advantage of his position as president and chairman of Xinhua Asset Management (Hong Kong) to misappropriate 108m yuan through fraudulent schemes.

Quan’s case adds to a growing list of senior financial executives caught in an intensified corruption crackdown on the sprawling financial sector since 2021.


Share Story:

Related Articles

  There are no related documents to show at this time.

Roundtable

Schroders Global Investor Insights Survey
Adam Cadle talks to Debbie McKay, Insurance Strategist on the themes uncovered in Schroders’ global survey of 200+ insurance companies

BANNER

BANNER

Navigating insurance investment
Adam Cadle talks to Aon partner, Geoff Bauer, about how the firm helps insurers to achieve their objectives
Most read stories...
Understanding Capital Solutions
Adam Cadle talks to HSBC Asset Management’s head of capital solutions, Borja Azpilicueta, and head of insurance business, Deepak Seeburrun, about the firm’s capital solutions proposition.

Absolute Return Fixed Income roundtable

Pictet-roundtable

European insurance companies renumeration

European Loans roundtable

BNP Paribas roundtable

ETFs roundtable

iame-roundtable2017