China considers central bank role

CHINA - China's policy makers appear to be contemplating the future role of the People's Bank of China as banking supervisor as the country prepares to open its financial system to foreign competition.

Recent articles in state-run media have discussed the merits of creating a single financial market regulator to replace the three current watchdogs - the People's Bank of China, the China Securities Regulatory Commission and the China Insurance Regulatory Commission.

China's authorities decided t