| China's top leadership has approved a plan to organize the central government's holdings in state-owned financial companies under a single agency managed by the Ministry of Finance, the China Times reported over the weekend, citing an unnamed person familiar with the matter at a large commercial bank.
The report termed the new agency a "financial SASAC," referring to the State- owned Assets Supervision and Administration Commission, an umbrella agency that manages the state's holdings in non-financial state-owned enterprises...............................................Full Article: Source
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