Ma Yongwei (; August 1942 – 8 October 2024) was a Chinese banker and politician who served as president of

China Insurance Regulatory Commission The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry. History It ...

from 1998 to 2002. He was a member of the Standing Committee of the 10th

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC) is a political advisory body in the People's Republic of China and a central part of the Chinese Communist Party (CCP)'s United front (China), united front system. Its members adv ...

. He was a representative of the 13th, 14th, 15th, and 16th National Congress of the Chinese Communist Party.

Early life and education

Ma was born in Rongcheng County,

Shandong Shandong is a coastal Provinces of China, province in East China. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural ...

, in August 1942. In 1966 he graduated from Liaoning University of Finance and Economics (now

Dongbei University of Finance and Economics The Dongbei University of Finance and Economics (DUFE; ) is a provincial public university in Dalian, Liaoning, China. Home to over 20,000 students, it is one of the oldest and largest modern universities in Dalian. DUFE is a multidisciplinary ...

Career

After University in 1967, Ma was assigned to the People's Bank of Lu'an, and joined the

Chinese Communist Party The Communist Party of China (CPC), also translated into English as Chinese Communist Party (CCP), is the founding and One-party state, sole ruling party of the People's Republic of China (PRC). Founded in 1921, the CCP emerged victorious in the ...

(CCP) in 1981. He was promoted to vice governor of Anhui Branch of the

Agricultural Bank of China The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the " big four" banks in China, and the second ...

in 1982. In July 1984 he was promoted again to become vice governor of the Agricultural Bank of China. He eventually became governor of the Agricultural Bank of China in July 1985. Ma was appointed chairman of the

People's Insurance Company of China The People's Insurance Company (Group) of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder. The group contains the major subsidiaries: PICC Asset Managem ...

on 20 July 1994, concurrently serving as party branch secretary and general manager. In November 1998, Ma was chosen as president of

, a position he held until October 2002.

Death

Ma died in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

on 8 October 2024, at the age of 82.

References

{{DEFAULTSORT:Ma, Yongwei 1942 births 2024 deaths People from Rongcheng, Shandong Dongbei University of Finance and Economics alumni Chinese bankers People's Republic of China politicians from Shandong Chinese Communist Party politicians from Shandong Members of the Standing Committee of the 10th Chinese People's Political Consultative Conference Delegates to the 13th National Congress of the Chinese Communist Party Delegates to the 14th National Congress of the Chinese Communist Party Delegates to the 15th National Congress of the Chinese Communist Party Delegates to the 16th National Congress of the Chinese Communist Party