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China announced a merger of the banking and insurance regulators in March in an effort to step up scrutiny. The newly merged regulator was officially unveiled on April 8.

BEIJING, May 1 (Xinhua) -- China and the Dominican Republic signed a joint communique in Beijing Tuesday on the establishment of diplomatic relations.

Last week, Japan's largest securities trader Nomura became the first foreign player planning to set up a holding firm in China, after the country eased market access to securities.

The commissions should be made up of three to five people with some knowledge of management or accounting, and voted in by the village meeting or villagers' assembly. They should ensure decision making is in accordance with standard procedures, and work for full disclosure in village affairs, especially construction projects, agriculture and poverty alleviation.

Also, loans of businesses with credit quota of less than five million yuan can be included as qualified collateral for mid-term lending facility.