At the top of the reform list is the government's proposed change combining the insurance and banking regulators into one agency, according to the proposal introduced at the annual session of the rubber-stamp parliament.
China's central bank will take over the functions of drafting important laws and regulations for the banking and insurance industries, which are now assumed by CIRC and CBRC.
Since the beginning of previous year, Beijing has cracked down on leverage and risky market practices, with China's various regulators releasing a flurry of new rules in an attempt to rein in risks.
This new entity will be central to President Xi Jinping's campaign to curb risks in China's financial sector, which culminated last month in the unprecedented government takeover of Anbang Insurance Group Co.
On Sunday, China removed presidential term limits from its constitution, giving Xi the right to remain in office indefinitely, and confirming his status as the country's most powerful leader since Mao Zedong died more than 40 years ago.
China is also establishing a national market supervisory management bureau to ensure a "fair competition market environment".
"It focuses on the needs of development and meets the people's expectations", Wang said, adding that the restructuring forms part of a broader plan by the Communist Party of China to deepen the reform of the Party and state institutions.
The ministry shake-up also includes the creation of a new immigration management bureau and the restructuring of the national intellectual property rights bureau.
The banking and insurance regulators will become a single entity, as China is aiming to streamline administration and improve its prevention of financial risks.
The securities and state assets regulators were not mentioned among the proposed changes.
China is set to create new ministries and merge the banking and insurance regulators in the biggest revamp of its cabinet in years, the parliament said Tuesday.
Compared with the current setup of cabinet administrations, the number of ministerial-level entities is reduced by eight and that of vice-ministerial-level entities by seven.
China announced the creation of a new Financial Stability and Development Committee in July, and since then watchdogs overseeing banks, insurers and the stock market have intensified efforts to clamp down on shadow financing and other perceived risks.
Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 7.20. Shares of Semiconductor Manufacturing Int'l ( NYSE SMI ) traded down $0.25 during mid-day trading on Tuesday, reaching $6.99.
This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. Following the sale, the senior vice president now directly owns 37,558 shares in the company, valued at $1,973,297.32.
Wilson provides Adam Gase's offense with a slot receiver who can take Landry's spot for a fraction of the cost. Landry, by comparison, had 112 catches past year alone, even though he averaged only 8.8 yards per catch.
In two seasons with the Eagles, Burton was a reliable and productive option teaming up with No. 1 tight end Zach Ertz . Last season he caught fewer passes - 23 receptions for 238 yards - but hauled in 5 touchdown passes.
As for other precious metals, silver for May delivery fell 7.2 cents, or 0.43 percent, to settle at 16.536 dollars per ounce. Palladium was 1.3 percent lower at $983 an ounce, while platinum was down 0.6 percent at $958.70 an ounce.
Last week Tillerson said that an upcoming meeting between Trump and Kim would focus on "talks" rather than "negotiations". CBS News reports that Tillerson was leaving his Africa trip early to return back to Washington to talk with Mr.
Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 1.18. If you are going to be trading the stock, you want to ensure volume is healthy so you are not stuck in a position.
That is how we intend to put Karachi back on the cricket map once again. "Karachi people should welcome this". This will be a one-off series, since, as I told you before, it will be a loss-making enterprise.
Icon aims to develop robots to install the windows after the houses are printed and drones to spray-paint the exterior walls. ICON has developed a method for 3D-printing of a single-story 650-square-foot house out of cement in just 12 to 24 hours .
Kim Kardashian's rules for her surrogate
He thinks by being at the mountains, he doesn't have many distractions and can have a more clear sense of direction for his music. One the subject of a growing brood, Kim - mum to North , 4, Saint , 2, and two-month-old Chicago said four would be her maximum.
Ex-Giants center Weston Richburg to sign with 49ers
According to a report from ESPN's Adam Schefter , Richburg agreed to terms with the San Francisco 49ers on a five-year deal. The Colorado State product was a second-round pick of the Giants in 2014, and he immediately bolstered the trenches.
Buffalo Bills, Star Lotulelei agree to 5-year deal
Lotulelei's value isn't seen entirely in stats, considering he's tallied between 22 and 26 tackles in each of the last four years. Lotulelei is reunited with McDermott, who was the Panthers defensive coordinator before taking over in Buffalo in January 2017.