10 15 Financial Industry News: Dongwu Property & Casualty Insurance Co., Ltd. recently announced that Song Jifeng has resigned from his positions as Chairman of the Board, Director, and Chair of the Strategic Planning and Investment Decision Committee and Member of the Nomination and Compensation Committee of the First Board of Directors of Suzhou Dongwu Property & Casualty Insurance Co., Ltd., due to an organizational transfer.
On 2026, 9, 29, Suzhou Dongwu Property Insurance Co., Ltd. convened its 1st Board of Directors' 12th meeting, electing Li Wei as Chairman of the 1st Board of Directors. He will assume office upon regulatory approval of his qualifications.
Public records show that Li Wei was born in 1973 and previously served as an executive director and deputy president of Suzhou Bank. In mid-9, the Organization Department of the Suzhou Municipal Committee released a pre-appointment notice for city-managed leaders, listing Li Wei among them for appointment as the head of enterprises under the management of the Suzhou Municipal Committee.
Li Wei has held positions including clerk in the Credit Department, International Business Department, and Accounting Department of China Investment Bank's Shanghai Pudong Branch; clerk in the Operations Department and Planning & Finance Department, and Deputy Manager in the Financial Accounting Department of Shanghai Branch of China Everbright Bank; Business Manager in the Management Accounting Project Team at Everbright Bank's Head Office; Assistant General Manager, Acting General Manager, and General Manager of the Planning & Finance Department of Shanghai Branch of Everbright Bank; Director of the Board Supervisory Committee Office and Secretary of the Board of Directors at Suzhou Bank; and President of the Digital Banking Headquarters. In 2020, Li Wei was appointed Vice President of Suzhou Bank and concurrently became an Executive Director starting from 2024.
On 10 14, Dongwu Property & Casualty Insurance Company released a social recruitment announcement on its official WeChat account, seeking candidates for the following management positions: Deputy General Manager/Assistant to the General Manager at Head Office (2), Chief Risk Officer at Head Office (1), and Deputy General Manager/Assistant to the General Manager at Jiangsu Branch (2), along with several reserve management trainees for branches within Jiangsu Province. For investment roles: Trading Specialist (1) and Credit Assessment Specialist (including Team Lead (1)) (4).
Dongwu Property Insurance was established on 2025/4/7 as a national property and casualty insurance company initiated primarily by Suzhou state-owned capital, with registered capital of 20 billion RMB. It operates five provincial branches in Jiangsu, Zhejiang, Shanghai, Anhui, and Beijing.
