China Life Insurance Company (NYSE:LFC) has a new chief financial officer, announcing yesterday that on March 27, its board of directors picked Yang Zheng to serve as its new CFO. His appointment became effective April 26.

Yang is currently the company's qualified accountant, a position he has held since 2006, and has served in various managerial capacities for the company since 2005. He is a 1993 engineering graduate of Beijing University of Technology, and holds an MBA from Northeastern University. Yang is also a member of both the American Institute of Certified Public Accountants (AICPA) and of the Association of Chartered Certified Accountants (ACCA). He is a director of the seventh session of the Board of the Accounting Society of China, a member of the National Technical Committee on Accounting Information of Standardization Administration of China, and a member of the China Insurance Solvency Regulatory Standard Committee.