China plans to merge its banking and insurance regulators, according to an official document viewed by Caixin.
Since the beginning of previous year, Beijing has cracked down on leverage and risky market practices, with China's financial regulators releasing a flurry of new rules in an attempt to rein in risks.
China unveiled plans on Tuesday for the biggest shakeup of government in at least a decade, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over a growing debt pile.
The responsibilities of the two separate regulators now overlap in some areas, leaving regulatory roles unclear, the document says.
The two regulators will hand off duties such as proposing laws to the People's Bank of China in a sign that the central bank is beefing up its regulatory role.
China will form a powerful new competition regulator in a bid to ramp up oversight of mergers and acquisitions and price-fixing as the world's second-largest economy seeks to make policymaking more efficient and coordinated.
Trump says 'disagreed on things' with Rex Tillerson Hours before his ouster, Tillerson raised eyebrows by issuing some of his strongest statements yet on Russian Federation . Secretary of State Rex Tillerson is the latest in a long string of staff departures under President Donald Trump .
"Deepening the reform of state institutions is an inevitable requirement for strengthening the long-term governance of the party", said Liu He, President Xi Jinping's top economic adviser.
"We should understand the necessity of promoting this deep transformation", Liu wrote of the reforms.
The latest cabinet shuffle shows the government's battle continues.
China has also proposed forming a national markets supervision management bureau, which will take on broad responsibilities including antitrust and product safety. The heads of the new ministries, departments and regulators will be announced before the end of the annual session of parliament on March 20th.
The ministry shake-up also includes the creation of a new immigration management bureau and the restructuring of the national intellectual property rights bureau.
State Councilor Wang Yong briefed the lawmakers on the plan.
After she sang Adele's "When We Were Young", Katy said she had "full body chills", and Luke compared her voice to an angel's. The female Top 12 are said to include performers Alyssa Raghunandan, Amelia Harris, Catie Turner , and Effie Passero.
This would be PUBG PC update 7, which was released in the early hours this morning, following three hours of server downtime. This should mean a smoother environment to play in, although it won't include the new limb and vehicle penetration system.
Lotulelei was a five-year starter with Carolina after being selected by the Panthers in the first round of the 2013 draft. In his career, he has started 75 of 76 games, with 88 tackles, 11.5 sacks, two forced fumbles and two fumble recoveries.
Baltimore Ravens offensive lineman James Hurst signed a four-year, $17.5 million contract with $8 million guaranteed on Monday. The Baltimore Ravens will not pick up the option for right tackle Austin Howard , according to Ian Rapoport of NFL Network.
In addition to the report from Mike Garafolo of NFL Network, 247Sports also has information on the terms of the deal. Last season he caught fewer passes - 23 receptions for 238 yards - but hauled in 5 touchdown passes.
And Mata insists: "When we won the Champions League with Chelsea , it was amusing because nobody counted on us". Sevilla's Nolito attends a training session at Old Trafford, Manchester, England, Monday, March 12, 2018.
The firm has "Buy" rating given on Tuesday, September 5 by RBC Capital Markets. (NASDAQ:BLUE) rating on Monday, August 7. It dived, as 10 investors sold COKE shares while 39 reduced holdings. 20 funds opened positions while 35 raised stakes.
The move follows Frances McDormand's call at the Oscars for actors to demand more inclusivity in front of and behind the camera. Ben Affleck and Matt Damon are pledging to do their part to boost diversity in the entertainment industry.
He also said the Department for Education would release up to £80 million to help small businesses with the apprenticeship levy. The Chancellor will publish a call for evidence on whether the tax relief for agricultural diesel contributes to air pollution.
Bus carrying high school students crashes into ravine
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