CHINA TAIPING(HK:00966) Sou Hu Cai Jing·2025-07-21 06:43Group 1 - The core point of the news is the appointment of Li Kedong as the chairman of Taiping Property Insurance Co., Ltd., which marks a significant leadership change in a key subsidiary of the Taiping Group [2][4] - Li Kedong's appointment was approved by the National Financial Regulatory Administration on July 12, 2025, following a resolution passed by the company's board on April 28, 2025 [4][6] - Li Kedong also recently assumed the role of chairman of Taiping Pension Insurance Co., Ltd., indicating his leadership over two major business segments within the Taiping Group [2][5] Group 2 - Li Kedong has a diverse career background spanning government, state-owned enterprises, and the financial sector, with significant roles in China Export & Credit Insurance Corporation and the Civil Aviation Administration of China [5][6] - Since joining China Taiping in 2019, Li Kedong has held various senior positions, culminating in his recent elevation to vice chairman and general manager of China Taiping [6][7] - Taiping Property Insurance reported a total asset of 41.002 billion and a net profit of 294 million for the first quarter of 2025, highlighting its stable development despite challenges in the property insurance market [7]