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

Summary:
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. CNBCChina plans new ministries and merger of regulators in massive government revampReuters

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Mike Norman considers the following as important: Chinese economy

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