Waterdrop Adds Financial Governance Expert to Board
Event summary
- Waterdrop Inc. appoints Qianfei Chang as independent director, effective July 1, 2026.
- Chang replaces Heping Feng, who resigned due to personal reasons.
- Chang brings 15+ years of experience in financial management and audit oversight from state-owned institutions and professional services firms.
The big picture
Waterdrop's appointment of Qianfei Chang underscores its focus on strengthening financial oversight and corporate governance amid rapid expansion in the insurance technology sector. Her extensive experience in risk management and audit functions at state-owned institutions positions her to navigate regulatory complexities, particularly relevant as Waterdrop scales its operations globally.
What we're watching
- Governance Dynamics
- How Chang's deep financial and risk management expertise will influence Waterdrop's strategic direction.
- Regulatory Compliance
- Whether her background in audit oversight will strengthen Waterdrop's compliance with evolving financial regulations.
- Long-Term Growth
- The pace at which Chang can contribute to Waterdrop's long-term growth objectives through improved corporate governance.