China unveils shake-up of bank regulation to rein in credit spree

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Insurance and banking regulators will be combined into one agency as credit in the world’s second largest economy has exploded since the financial crisis

China has unveiled plans for the biggest shake-up of its government in recent years, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over growing debt.

The proposed changes create new bureaus, do away with others, and shift around responsibilities.

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Source: china
Link : China unveils shake-up of bank regulation to rein in credit spree

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