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China's financial regulation............>

CHINA PRESS
CHINA PRESS: China's financial regulation structure will continue to see
improvements, Securities Times said in a commentary Wednesday. 
  - A country cannot use a single regulatory framework forever, as circumstances
change: Times; 
  - With the merger of the banking and insurance regulators, current problems
regarding the regulation of new emerging areas can be solved, as there will no
longer be an overlap in roles. The PBOC will create regulations and basic
regulation framework, while the China Banking and Insurance Regulatory
Commission will implement related regulations; 
  - China Securities Regulatory Commission was not involved in the regulatory
merger. This may be because the securities market is an important period of
market-based reform and stability is required to ensure investors' interests are
protected. Additionally, the securities sector has limited overlap with banking
or insurance sectors: Times. 

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