Tuesday, March 13, 2018

Reuters — China plans new ministries and merger of regulators in massive government revamp

  • China is planning to merge its banking and insurance regulators, and create a national markets supervision management bureau, in parliament documents released on Tuesday.
  • It will also transfer some of the banking and insurance regulators' roles to the central bank, documents showed.
  • Plans also include forming a powerful new competition regulator in a bid to ramp up oversight of mergers and acquisitions and price-fixing.
CNBC
China plans new ministries and merger of regulators in massive government revamp
Reuters

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