News from Reuters:

Sun Oct 30, 2011 8:46pm EDT

(Repeats story first sent on Oct 29)

By Terril Yue Jones

Oct 29 (Reuters) – Xiang Junbo, the man named on
Saturday to be China’s insurance regulator, recently led the
country’s third-largest lender from near insolvency to a record
IPO with assets worth more than India’s national economy.

Now Xiang, a war veteran and screenwriter turned banker will
turn again — to insurance as chairman of the China Insurance
Regulatory Commission, or CIRC.

There, Xiang will oversee an industry that includes the
world’s two biggest life insurers — China Life
and Ping An — that is currently
facing headwinds from weak investment returns.

China’s insurers also are diversifying into businesses such
as banking, a proces……….. continues on Reuters.
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