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Regulatory innovationrnThis innovative regulation is the inherent requirements of deepening reforms to delegate power, streamline administration and optimize government services, and accelerating the transformation of government functions, according to the opinions on promoting the special regulation mode at all aspects of market regulation announced by the State Council earlier this year. The aim is to improve credit awareness and self-control of market participants and minimize interference with their production and operating activities, in a way to promote the shift from government regulation to co-governance by the whole society.