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Core Viewpoint - Zhujiang Life Insurance is undergoing a significant management transition, highlighted by the departure of former president Fu Anping and the public recruitment of five senior executives, indicating a strategic shift in response to previous challenges in solvency and growth [1][2][4]. Group 1: Management Changes - Zhujiang Life Insurance has initiated a public recruitment process for five senior management positions, including General Manager, Chief Financial Officer, Secretary of the Board, Chief Investment Officer, and Chief Compliance Officer, with a deadline for applications set for January 15, 2026 [2]. - The departure of Fu Anping, who played a crucial role in the company's business transformation and risk mitigation, marks a significant change in leadership. His tenure included efforts to develop long-term value business and improve key performance indicators [1][7][8]. Group 2: Business Challenges - Zhujiang Life Insurance has faced stagnation in growth and issues with solvency, previously relying on the real estate sector of its controlling shareholder, the Zhujiang Group, for rapid expansion, which has led to underlying risks [4][6]. - The company has not publicly disclosed its solvency reports since 2022, but recent announcements suggest that it is optimizing its business structure and improving operational metrics, with claims of good performance in key indicators for 2025 [6]. Group 3: Shareholder Structure - The major shareholders of Zhujiang Life Insurance include Guangdong Zhujiang Investment Holding Group Co., Ltd. (30.15%), Guangdong Zhu Guang Group Co., Ltd. (20%), and Hengyang Hechuang Real Estate Development Co., Ltd. (18.96%), among others, indicating a diverse ownership structure [5].