Following last year’s stock market crash, China is looking to improve financial oversight and has apparently asked the UK for advice on plans to create a financial super-regulator. The talks with the FCO and the Treasury signal China's growing willingness to seek outside help to improve regulation of its financial infrastructure, in a bid to increase transparency and to reduce systemic risk. According to reports, one option currently under discussion is to merge China's three financial regulators, the China Securities Regulatory Commission (CSRC), the China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC). The Financial Stability Board said last year that China's current structure allows the three agencies to pursue conflicting policy objectives, potentially undermining the central bank's capacity to maintain financial stability as the country opens up its markets.