Source:
https://scmp.com/article/579502/investors-cheer-picc-changeInvestors cheer PICC change
Investors yesterday welcomed the news that China Life Insurance chairman Yang Chao would be transferred to the helm of PICC Property and Casualty by pushing PICC's share prices up 9.49 per cent. China Life fell 1.04 per cent in Hong Kong.
There seemed to be little concern about the lack of transparency surrounding the transfer or the government continuing to make high-level personnel decisions at China's largest companies according to its own secret set of priorities.