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China will merge the country's..........>

CHINA PRESS
CHINA PRESS: China will merge the country's banking regulator with its insurance
sector regulator, creating one commission named China Banking and Insurance
Regulatory Commission, Caixin reported Tuesday. 
  - Caixin cited a State Council document regarding government department
reforms, noting the new commission will be directly supervised by the State
Council; 
  - The PBOC will draft regulations on the banking and insurance sectors, and
will create the basic supervision structure of the new commission, Caixin said. 

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