Team size:    50-100

What are the most significant cases, projects and/or transactions that you and/or your legal team have recently been involved in?   

Restructure the compliance management system, and strive to guide the Group and its subsidiaries in establishing a comprehensive compliance framework that extends horizontally to all functions and vertically to all levels. Embed a compliance mindset into the entire process and all areas of organisational development decisions and business operations, achieving a transformation from “passive regulatory compliance” to “proactive compliance governance”.

Formulate and issue a three-year action plan for integrated major risk control construction, with clear objectives, well-defined pathways, and specific outcomes, to clarify the concrete implementation roadmap for the next three years.

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.

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.

Based on your experiences in the past year, are there any trends in the legal or business world that you are keeping an eye on that you think other in-house lawyers should be mindful of?

Over the past year, I have been particularly focused on the significant role of legal technology (Legal Tech) in enhancing work efficiency. With rapid technological advancements, an increasing number of intelligent tools are reshaping the way in-house legal teams operate. We have come to deeply understand that digital transformation is not only a trend, but also a key factor in improving compliance effectiveness and risk management capabilities.

Looking forward, what trends do you foresee in the legal landscape over the next five to ten years that companies should prepare for?

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.