Home / Two Sessions

Banking, insurance consolidation planned

By Wang Yu and Chen Jia | China Daily | Updated: 2018-03-14 07:38

China will merge the China Banking Regulatory Commission and the China Insurance Regulatory Commission to form a new organization that will more efficiently manage the two sectors, under a draft plan for State institutional reform released on Tuesday.

Led by the State Council, China's Cabinet, the new commission is designed to ensure the stable development of the two sectors while helping to prevent risks to the overall financial system.

The body is also expected to better protect the rights of financial consumers, according to the draft plan submitted during the ongoing 13th National People's Congress.

Banking, insurance consolidation planned

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349