CO-ORDINATING FINANCIAL COMMISSION LIKELY IN CHINA

China is likely to form a new commission that will co-ordinate the supervision of the financial services sector, reports China Securities Journal , part of the Xinhua news network. The move was being considered because the various segments of the financial services sector were becoming increasingly intertwined, the report said. A national finance working conference, to be held before the end of the year, will look at the possibility of inter-ministry co-operation. The three existing regulators — CIRC, CSRC and CBRC  — have recently found themselves in a few situations where one regulator has felt differently from another, particularly when insurers have been investing in banks or vice-versa.