Weekly investor roundup: China Life Insurance's chair under investigation; Korea's NPS accused of being passive with climate crisis
The chair of China Life Insurance is under investigation for "serious violations of discipline and law"; Korea's National Pension Service was found to have been passive with efforts to mitigate climate change; Singapore's NTUC Income plans to spin off insurance business to new company; Temasek leads $300 million funding round alongside Qatar's SWF for Carsome Group; and more.
TOP NEWS OF THE WEEK
China’s top anti-corruption agency is investigating the chair of China Life Insurance on suspicion of “serious violations of discipline and law”, the China Central Commission for Discipline Inspection said in a statement Saturday, without disclosing more details.
Wang Bin, chairman of one of the country’s largest life insurers, is currently undergoing disciplinary review and investigation, becoming the most senior financial executive in China’s anti-corrupti…
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