More ambitiously, the two oil giants, CNPC and CPCC (China Petroleum and Chemicals), are planning to buy banking and trust companies.

中石油和中石化这两个石油巨头还怀揣更大的梦想，计划收购银行和信托公司。

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The China Banking Regulatory Commission instructed Banks to move at least 25% of loans issued through trust companies back onto their balance sheets at the end of each quarter.

银监会要求商业银行每季度至少25%的、通过信托公司发放的贷款转入银行的资产负债表内核算。

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January 10th, the China banking regulatory Commission held in 2017 the national banking regulatory work conference, arrangements for the deployment of key tasks in 2017.

1月10日，银监会召开2017年全国银行业监督管理工作会议，安排部署2017年重点工作任务。

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Only 1.1% of these loans had gone sour by the end of last year, according to China's banking regulator.

ECONOMIST: China's economy

Like much of China's banking sector, the two have struggled under the weight of bad debts made to state-owned firms.

BBC: Multi-million yuan frauds are rife, authorities warn

Overall profits for China's banking sector, including foreign and local banks, rose 39% last year, according to the China Banking Regulatory Commission.

WSJ: Foreign Banks in China Rev Profit Engines