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Li Daokui, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) addressed a plenary meeting at the Great Hall of the People in Beijing on March 10, 2016.[Photo/IC] |
China should integrate its financial regulators responsible for banking, securities, insurance and trust together to form a unified supervising body at a proper time so as to ward off systemic risks, Li said.
"The current supervision system exposed its defects when the government was trying to tame market volatility last year," Li said.
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