About

With assets totalling an estimated $126bn, The People’s Insurance Company of China Group (PICC) is one of the largest insurers in the country. One of its primary subsidiaries, PICC Property and Casualty Company Limited (PICC P&C) is China’s largest insurer of casualty insurance and with overseas offices it is the designated agent within the People’s Republic of China for most international insurance companies. Zhuyong Li joined PICC in 1998 and currently serves as the state-owned company’s general counsel and general manager of the legal and compliance department. With over 20 years of experience in the field of legal compliance and risk management, and having been active in the law-making process related to several insurance laws and regulations, Zhuyong is held in high esteem by both colleagues and external peers. In March 2016, Zhuyong participated in the legal matters related to PICC and PICC P&C’s setting up of China’s third local reinsurer, PICC Re which will have a registered capital of $153m. Zhuyong ensured regulatory approval for the deal swiftly and without any stumbling blocks. In September of the same year, he gained further recognition for his role in facilitating PICC’s purchase of $523m worth of shares in China Merchants Securities. Outside of PICC, Zhuyong holds a number of other significant positions such as executive director and deputy secretary general of the China Institute of Insurance Law and arbitrator of the China International Economic and Trade Arbitration Commission. He is also a part-time professor of China University of Political Science and Law. Zhuyong holds a master’s degree in law from Capital University of Economics and Business, and a doctorate degree in law from China University of Political Science and Law.