Published by
Reuters
Reuters
By Laurie Chen BEIJING (Reuters) – China has unveiled plans for a sweeping central government reorganisation at its annual parliament session, including the formation of a financial regulatory body and national data bureau and a revamp of its science and technology ministry. Here are the main changes and what they mean. WHAT DOES THE RESTRUCTURING INVOLVE? A new national financial regulatory administration will replace the existing banking watchdog and bring supervision of the industry, apart from the securities sector, into a body directly under the State Council, or cabinet. The securities r…