Caixin
Mar 16, 2018 05:44 PM

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 news@caixin.com.

And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.

Kind regards,

Doug Young

Managing Editor

China to Shake Up Central Agencies

State Council seeks administrative overhaul amid drive for higher-quality economic growth

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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 to Merge Banking, Insurance Regulators

Central bank tasked with drafting rules to govern two sectors

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China’s central government plans to combine the China Banking Regulatory Commission with the country’s insurance regulator. Photo: VCG


What Caused China’s Coal Crunch?

Stringent policies, extreme weather squeeze producers of country’s dominant power source.

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A power plant discharges emissions on Dec. 1 in Taizhou, Jiangsu province. Photo: VCG


Chinese Railway Cargo Firm Fined $870 Million for Stock Manipulation

Penalty is a record in securities regulator’s history

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The headquarters of the China Securities Regulatory Commission is seen in Beijing. Photo: VCG


China to Give Century-Old Laos Hospital New Lease of Life

Renovation of Vientiane facility shows how ‘Belt and Road’ projects growing more diverse

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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


 

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