Odaily Planet Daily reported that the State Council’s proposal for review of the State Council’s institutional reform plan proposed the establishment of the State Financial Supervision and Administration Bureau. Be unified in charge of the supervision of the financial industry except the securities industry, strengthen institutional supervision, behavioral supervision, functional supervision, penetrating supervision, and continuous supervision, coordinate the protection of the rights and interests of financial consumers, strengthen risk management and prevention and disposal, and investigate and deal with violations of laws and regulations in accordance with the law. , as an agency directly under the State Council. The State Financial Supervision and Administration Bureau was established on the basis of the China Banking and Insurance Regulatory Commission. It divided the People's Bank of China's daily supervision responsibilities over financial holding companies and other financial groups, related financial consumer protection responsibilities, and the China Securities Regulatory Commission's investor protection responsibilities. Joined the State Financial Supervision and Administration Bureau. The China Banking and Insurance Regulatory Commission will no longer be retained. (Xinhua News Agency)