券商中国·2025-07-16 01:30Core Viewpoint - The establishment of the first board of directors for China Life Insurance (Group) Company marks a significant advancement in the company's governance structure, addressing historical issues related to its management and governance [2][10]. Group 1: Board Composition - The first board consists of 9 members, including Cai Xiliang as the executive director and chairman, and Li Zhuyong as the executive director and vice chairman [3][4]. - The board includes independent non-executive directors with diverse backgrounds in finance, law, and management, enhancing the governance framework [5][6][7][8]. Group 2: Governance Improvement - The establishment of the board signifies a move towards a modern corporate governance structure in line with the principles outlined in the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics" [10][11]. - The governance structure aims to clarify responsibilities and enhance transparency, with a focus on effective checks and balances within the organization [11]. Group 3: Company Background and Development - China Life Group, established in 1949, has evolved through various stages, including its restructuring in 2003 and its inclusion in central management in 2012 [12]. - The company has achieved significant financial milestones, with total assets nearing 7.5 trillion yuan and a combined operating income exceeding 1.1 trillion yuan [12]. Group 4: Future Strategy - The "333 Strategy" proposed for 2025 aims to deepen reforms and drive high-quality development, focusing on becoming a world-class financial insurance group [13]. - The strategy emphasizes the dual roles of insurance as an economic stabilizer and wealth management driver, with plans for new growth areas and platforms [13].