BEIJING (REUTERS) - China said on Tuesday (March 13) it will merge its banking and insurance regulators and create seven new ministries as part of a broader reform of government departments aimed at making policymaking more efficient.
Here are details of the new ministries and major bureaus and regulatory bodies:
China Banking and Insurance Regulatory Commission
Will merge banking and insurance regulators and transfer some of their roles to the central bank.
National markets supervision management bureau
Will take on the roles of State Administration for Industry and Commerce (SAIC), the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), and China Food and Drug Administration. Will also take on pricing supervision and antimonopoly law enforcement role from the National Development & Reform Commission (NDRC), Ministry of Commerce and State Council.
Ministry of Natural Resources
Will replace Ministry of Land & Resources, State Oceanic Administration (SOA) and the national surveying and mapping bureau.
Ecological Environment Ministry
Will succeed the Ministry of Environmental Protection and will take over the role on climate change currently held by the state planner, the National Development & Reform Commission (NDRC). It will also take over water pollution from the Ministry of Land & Resources and agricultural related pollution from the Agriculture Ministry and ocean pollution from the SOA. It will retain the national nuclear safety bureau.
Ministry of Culture and Tourism
Merges the Ministry of Culture and National Tourism Bureau.
Ministry of Veterans Affairs
Agriculture and Rural Affairs Ministry
Will replace Ministry of Agriculture.
Emergency Management Ministry
Will be in charge of work safety by taking over national safety production supervision management bureau.
National Health Commission
International development cooperation agency
Will be responsible for forming policies on foreign aid, as well as granting aid and overseeing its implementation.
National grain strategic reserves bureau
Will replace national grain bureau and will be in charge of national cotton, sugar and grain reserves.
Immigration management bureau
Under the Ministry of Public Security.
National forest and grass bureau
National forest bureau will add grass to its role and take over national resource protection role.