Mega departments to help improve efficiency

Mega departments to help improve efficiency: "The country's numerous energy and finance administrative bodies are likely to be merged into two mega departments in a bid to streamline the sectors, a top policy planner said Wednesday.

Coal mining, crude oil, electricity and renewable energy bodies will be unified under a large new energy department, according to Zheng Xinli, deputy chief of the Central Policy Research Office of the Central Committee of the Communist Party of China (CPC).

Similarly, the regulatory commissions on securities, banking and insurance that make up the financial regulation system will be merged into one mega department."