On July 11, the first instance of the Xinxiang Intermediate People's Court of Henan Province opened the court in the first instance and tried the former party committee member, executive director, and deputy general manager of China Taiping Insurance Group Co., Ltd., and Xiao Xing.

The People's Procuratorate of Xinxiang City, Henan Province sued accusations: From 1998 to 2023, the defendant Xiao Xing used as a staff member of the Shanghai Municipal Party Committee of the Communist Youth League, Deputy Secretary -General of the United Front Work Department, Deputy Secretary of the Municipal Youth Federation, China Life Insurance Co., Ltd.General Manager of Pudong New District Branch, Deputy Secretary of the Party Committee, Deputy General Manager, Party Committee Secretary, and General Manager of the Shanghai Branch of China Life Insurance Co., Ltd., Deputy Secretary of the Party Committee of Taiping Asset Management Co., Ltd.The convenience conditions of the party committee members of the Group Co., Ltd., Executive Director, and Deputy General Manager, and the convenience conditions formed by their powers or status.It provides help in business cooperation, job hunting employment, etc., and directly or through others illegally receiving property, a total of more than RMB 81.48 million. Procuratorate asked Xiao Xing's criminal responsibility for bribery.

During the trial, the procuratorial organs showed relevant evidence. The defendant Xiao Xing and his defender conducted a cross -examination certificate. The two parties of the prosecution fully expressed their opinions under the auspices of the court. Xiao Xing gave a final statement and expressed his guilty confession.

At the end of the court trial, the court announced the off court and pronounced it.

On July 18, 2023, Xiao Xing was investigated; the news on January 5 this year, Xiao Xing was expelled from the party and public office.

After investigation, Xiao Xing lost his ideals and beliefs, deviated from his original mission, did not believe in Marxism -Lenin to believe in ghosts and gods, engaged in superstition activities, was unfaithful to the party, confronted the organizational review; ignored the spirit of the eight central regulations, and accepted gifts in violation of regulations., Accepting the banquets and tourism activities that may affect fair execution of official duties; violating the principles of organization, it is better to report personal matters in person, and use power illegal to seek benefits for others in terms of employees.Obtain benefits for relatives, arrange for others to pay by others, and owns non -listed companies shares in violation of regulations; trample on the party's discipline and state law, eat finance by finance, collect money to collect money, use job convenience for project financing, business cooperation, etc.The profit is not illegally received.

Xiao Xing seriously violates the party's political discipline, organizational discipline, integrity discipline and life discipline, constitutes serious duties and suspected bribery crimes.It should be dealt with seriously.In accordance with the relevant regulations of the People's Republic of China on the Supervision Law of the People's Republic of China in accordance with the relevant regulations of the People's Republic of China on Disciplinary Actions, the People's Republic of China was studied and submitted to the Central Committee of the Communist Party of China by the Central Committee of the Central Commission for Discipline Inspection and decided to give Xiao Xing expelled from the party by the Central Committee of the Central Commission for Discipline Inspection.The committee gives it tolerance for a public office ; sends out its violations of discipline and illegal income; transfer it to the procuratorial organs for the procuratorial organs for review and prosecution in accordance with the law.

According to public resumes, Xiao Xing was born in December 1971 , once chairman of Taiping Financial Services Co., Ltd., Chairman of Taiping Financial Technology Services (Shanghai) Co., Ltd., Chairman of Taiping Property Insurance Co., Ltd., General Manager of Taiping Asset Management Co., Ltd., General Manager of Shanghai Branch of China Life Insurance Co., Ltd., Chairman of the Supervisor of China Life Insurance (Overseas) Co., Ltd., chairman of China Life Trust Co., Ltd.

In June 2020, Xiao Xing was a member of the Party Committee, Executive Director, and Deputy General Manager of China Taiping Insurance Group, and was investigated.