How do you approach managing legal aspects during periods of instability or crises to ensure the organisation’s resilience? 

Under the influence of economic cycle, three-year epidemic and complex international environment, it is our duty to promote the high-quality development of Dajia. We adhered to the digitalisation strategy, developed a large number of standardised tools, built a legal resource sharing platform and strengthened the training of legal staff, in order to improve synergy along the business line and enhance efficiency. The whole department has become a self-driven self-improved professional team that can quickly adapt to new circumstances, embrace new economy and follow new regulations.

What are the main projects that you have been involved in recently? 

Deeply involving in the risk resolution of Anbang Insurance Group. Assisted in tracking the illegally transferred assets, worked closely with judicial authorities to recover assets, disposed non-core financial licenses. Provided legal assistance to make sure the RMB 1.5 trillion short- and medium-term wealth management insurance products issued by Anbang Insurance Group before the takeover of China Banking and Insurance Regulatory Commission had been fully paid out.

Assisting in the establishment of Dajia Insurance Group. Participated in the top-level design of establishing Dajia Insurance Group and Dajia Property & Casualty Insurance Co., Ltd. Completed the equity transfer from Anbang to Dajia and helped the Group to reorganise and resume operation of overseas subsidiaries in the United States, Canada, South Korea, Belgium and other countries.

Promoting the integration of the Group’s risk management methodologies. Rooted in the philosophy of “whole-risk-oriented”, the Group has integrated legal, compliance, risk management and internal control responsibilities into one department. The department practised the Group’s culture of “Adhering to Compliance”, and applied information technology to analyse risk data, monitor the risk situation and propose countermeasures. Our self-developed intelligent risk control system “An-Pan” was awarded the “Outstanding Case of Insurance Industry Risk Prevention and Control in 2024”.

Building an industry-leading digital compliance platform. We developed an industry-leading compliance management application named “Palm Compliance”. “Palm Compliance” application comprehensively covers all aspects of insurance compliance management requirements, including compliance consulting, training, inspection, rectification, analysis of regulatory penalties and anti-money laundering monitoring. The application was awarded the “Outstanding Case of Digital Transformation of China’s Insurance Industry in 2022” by China Banking and Insurance Newspaper.

What are some of the main trends impacting the industry sector you work in in China?    

Since 2018, China’s financial regulatory system has been continuously optimised. The National Financial Regulatory Administration was established, and the insurance regulators have been restructuring internally. The regulatory system has been going through major changes accordingly. The all-round opening-up of foreign life insurance licence, the unification of life insurance bancassurance, the full implementation of East regulatory reporting system, the implementation of the Solvency II rules, and the regulator’s tendency to tighten supervision have all had a significant impact on our work.