China is considering merging its banking and insurance watchdogs in a bid to bring more order to its financial regulatory framework. EPA-EFE

China’s banking, insurance watchdogs likely to merge in massive financial regulatory overhaul

Regulators likely to be consolidated as part of President Xi Jinping’s plans to reduce financial risk

Topic | China economy

Xie Yu and Jane Cai

Published: 7:00pm, 28 Feb, 2018

Updated: 11:12am, 1 Mar, 2018

China is considering merging its banking and insurance watchdogs in a bid to bring more order to its financial regulatory framework. EPA-EFE

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Xie Yu

Xie Yu joined the Post in 2015. She is the chief China finance reporter, covering the economy and development of financial markets.

Jane Cai

Jane Cai, CFA, is the Beijing Bureau Chief of the South China Morning Post. She has been covering China's economic, financial, business and political news since the early 2000s.