The Best Reads of the Week From Caixin
China’s cabinet has proposed a sweeping overhaul of the central government agencies that it oversees. The reorganization, the eighth since the country’s reform and opening-up in the late 1970s, comes amid a slowing economy, challenges facing market regulators from innovation and a shifting society, as well as constraints in environmental protection and natural resources.
China’s banking and insurance regulators will merge and the central bank will be authorized to draft rules governing the two industries. The China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC) will be combined into a single commission overseeing both industries under the direct control of the State Council, China’s cabinet.
A number of factors led to China’s coal crunch this winter. On the supply side, at the end of 2017, China’s total coal inventory — including stockpiles at coal mines, railway stations, ports and power stations — plumbed an all-time low of 60 million tons, after two years of capacity cuts, curbs on coal imports and an extensive anti-pollution campaign.
China’s securities regulator has fined a company 5.67 billion yuan ($870 million) for manipulating share prices, a record penalty for the regulator as China steps up its crackdown on illicit activities in the financial markets.
China has signed an agreement with Laos to renovate a hospital in Vientiane, one of Beijing’s largest overseas health care investments, as the government seeks to diversify “Belt and Road” initiative projects.
These are the five stories that I don’t want you to miss from last week. Please share your comments on The Weekender section and on our other coverage at email@example.com.
And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.
State Councilor Wang Yong said that plans call for the National Health and Family Planning Commission to be replaced by the National Health Commission, which will shift its focus from “treating illnesses to improving people’s health.” Photo: China News
China’s central government plans to combine the China Banking Regulatory Commission with the country’s insurance regulator. Photo: VCG
A power plant discharges emissions on Dec. 1 in Taizhou, Jiangsu province. Photo: VCG
The headquarters of the China Securities Regulatory Commission is seen in Beijing. Photo: VCG
Chinese President Xi Jinping and Laos President Ben Yang participate in the groundbreaking ceremony for a hospital building in the capital of the Southeast Asian country. Photo: Xinhua
- 1In Depth: Upstart ByteDance Takes On China’s Internet Goliaths
- 2China Real Estate May Face ‘Year of Recession’
- 3Barry Eichengreen: The Belt and Road in the Mirror of the Marshall Plan
- 4Forget the ‘Artificial Moon,’ China Is Developing an ‘Artificial Sun’
- 5In Depth: Foreign Fund Managers Suffer Baptism of Fire in China
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas