Luo Xi (banker)
Luo Xi | |
|---|---|
| Born | December 6, 1960 China |
| Occupation(s) | Economist, banking executive |
| Years active | 1987–present |
| Known for | Vice president of Industrial and Commercial Bank of China; Chairman of China Merchants Group; Chairman of China Life Insurance |
Luo Xi (born 6 December 1960) is a prominent Chinese economist and banking executive, currently holding the position of vice president at the Industrial and Commercial Bank of China (ICBC), recognized as one of the largest financial institutions globally by both assets and market capitalization.
Career
Upon completing his studies at the Graduate School of the People's Bank of China in 1987, Luo Xi began his professional journey with the Agricultural Bank of China (ABC), where he remained until 2009. He advanced from serving as vice president at ABC to taking on the vice presidency at ICBC. In 2013, Luo shifted his focus to the insurance industry by becoming general manager at China Export Credit Insurance Corporation. By 2016, he had been promoted to vice chairman and general manager at China Resources (Group) Co., Ltd. In November 2018, he assumed the role of Chairman at Taiping Group.
During his tenure at Taiping Group, Luo also held chairmanship positions at Taiping Insurance Group (Hong Kong) Company, Taiping Insurance Holdings, along with key subsidiaries such as Taiping Life Insurance and Taiping Assets.
In July 2020, Luo was named Chairman of China Merchants Group. A few months later, in September, he took on the responsibilities of Party Secretary and subsequently chairman of China Life Insurance.
Controversies
In February 2023, employees across all branches of PICC Life Insurance Company were instructed to memorize and undergo testing on business quotations attributed to Chairman Luo Xi. This mandate generated widespread criticism on social media platforms and became a trending topic on Weibo. Following public outcry, the company halted the examinations, issued an apology, and committed to refraining from similar measures in the future.
Published Books
- Manual of Modern Bank Accountant
- Research of Currency in Rural Area
- Practice of Accounting of Agricultural Bank of China
References