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The institutional reform programme, which is the most important point for China's two sessions this year, has finally unveiled its face on Tuesday. Compared to five years ago most of the reform, the status of the situation is getting better and better the institutional reform for a merger of similar items, and took the lead from the regulatory authorities downsizing, financial supervision "three" into "a line of NPC and CPPCC", is minus eight, minus seven deputy department.
In the division of macro-control and government departments, is to improve and strengthen the government economic regulation, market supervision, the Department will re division of social management and public services, ecological and environmental protection and other similar responsibilities, profound changes in the national governance system and the functions of the government Chinese highlights.
"It should be said that the reform of the big ministry is closer to the need of marketization, which is more consistent with the requirements of the government's responsibility management in the current stage of economic development, and the merger of similar functions, drawing on some international practices, has made a great step in institutional reform. A former government official who did not want to have a name said that.
China Tuesday announced the institutional reform of the State Council, the responsibilities of the integration of the CBRC and CIRC, set up Chinese Bank Insurance Regulatory Commission, as the institutions directly under the State Council, the main responsibility is in accordance with the laws and regulations of unified supervision and management of banking and insurance, banking and insurance to maintain reasonable and stable operation, prevent and defuse financial risks.
According to the plan, after the reform, the ministerial level of the State Council was reduced by eight, and the vice ministerial level institutions were reduced by seven. Besides the general office of the State Council, the State Council set up 26 departments.

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