The moves create a new regulatory structure for finance with the People’s Bank of China as its central pivot point. Stronger environmental watchdogThe moves will see China expand its environmental ministry, creating a new Ministry of Ecology and Environment. The changes create the country’s first specialist agency focused on anti-monopoly issues, said David Cohen, a Beijing-based managing editor for the China Policy consulting firm. The agency will also oversee the State Intellectual Property Office, the focus of a potential trade dispute between the US and China. “Now, the big question is who is going to be in charge of these new mega-ministries.” Appointees could be announced as soon as Monday.

Source: Hindustan Times March 13, 2018 10:52 UTC