Central_Financial_and_Economic_Affairs_Commission

Central Financial and Economic Affairs Commission

Central Financial and Economic Affairs Commission

Commission of the Central Committee of the Chinese Communist Party

The Central Financial and Economic Affairs Commission is a commission of the Central Committee of the Chinese Communist Party in charge of leading and supervising economic work of both the CCP Central Committee and the State Council. The Commission is generally headed by CCP General Secretary or Premier of the State Council.

Quick Facts Formation, Type ...
Quick Facts Simplified Chinese, Transcriptions ...

It is currently led by General Secretary Xi Jinping, with Premier Li Qiang as its deputy leader. The Commission coordinates closely with the National Development and Reform Commission[2] and is considered the highest body for coordination and discussion on issues related to the economy. The Office of the Commission, handling the daily affairs of the body, is currently headed by He Lifeng.

History

The Commission was originally established as the Central Leading Group for Financial and Economic Affairs (Chinese: 中央财经领导小组; pinyin: Zhōngyāng Cáijīng Lǐngdǎo Xiǎozǔ) on March 1980. The decision to establish this group was taken by the CCP Politburo Standing Committee on March 17, 1980 to replace the State Commission for Economy and Finance, so as to coordinate the work necessary to meet the requirements of Deng Xiaoping's "Reform and Opening Up" policy.

In March 2018, the leading group was transformed into the Central Financial and Economic Affairs Commission.[3]

Functions

The commission has traditionally been the core decision-making body of the CCP in regards to economic policy and public finance. It generally meets around twice a year to discuss the overall direction of the Chinese economy. The Office of the Commission, handling the daily affairs of the body, is critical to coordinating high-level policymaking in economic and financial topics.[4]

Leaders

  1. Zhao Ziyang (1980–1989, as Premier then General Secretary)
  2. Jiang Zemin (1989–2003, as General Secretary)
  3. Hu Jintao (2003–2013, as General Secretary)
  4. Xi Jinping (2013–present, as General Secretary)

Composition

18th Committee

  • Leader
    • Xi Jinping, General Secretary of the Chinese Communist Party, President of the People's Republic of China
  • Deputy Leader
    • Li Keqiang, Politburo Standing Committee, Premier of the People's Republic of China
  • Director of General Office
  • Members

19th Committee

  • Leader
    • Xi Jinping, General Secretary of the Chinese Communist Party, President of the People's Republic of China
  • Deputy Leader
    • Li Keqiang, Politburo Standing Committee, Premier of the People's Republic of China
  • Director of General Office
  • Executive Deputy Director of the General Office

20th Committee

  • Leader
    • Xi Jinping, General Secretary of the Chinese Communist Party, President of the People's Republic of China
  • Deputy Leader
    • Li Qiang, Politburo Standing Committee, Premier of the People's Republic of China
  • Director of General Office
  • Executive Deputy Director of the General Office
  • Deputy Director of General Office
    • Yan Pengcheng[6]
    • Yang Yinkai[7]
    • Zhu Weidong
  • Members
    • Cai Qi, Politburo Standing Committee, First Secretary of the Secretariat
    • Ding Xuexiang, Politburo Standing Committee, First Vice Premier

References

Citations

  1. [1]
    Chen, Zhu Qin (2014-06-19). "习近平主持中央财经领导小组会议，还有谁在座？". Shanghai Oriental Press Co. The Paper. Retrieved 11 February 2018.
  2. [2]
    Zhao, Yajuan. "解密中央财经领导小组". Eastday.
  3. [3]
    "CPC releases plan on deepening reform of Party and state institutions". People's Daily Online. Retrieved 24 March 2018.
  4. [4]
    "Decoding Chinese Politics". Asia Society. Retrieved 2 October 2023.
  5. [5]
    Yue Huairang (岳怀让) (14 December 2018). 韩文秀已任中央财办分管日常工作的副主任，并明确为正部长级. thepaper (in Chinese). Retrieved 7 November 2022.
  6. [6]
    Cai, Vanessa (11 April 2024). "Chinese Vice-Premier He Lifeng's growing influence on economic policy shown as former subordinate joins top finance policy body". South China Morning Post. Retrieved 12 April 2024.
  7. [7]
    Zhuang, Sylvie (7 September 2023). "China names veteran economic planner Yang Yinkai to Communist Party's top financial policy body". South China Morning Post. Retrieved 8 September 2023.

Sources

  • Xu, Dashen. Records of the People's Republic of China (《中华人民共和国实录》). Jilin People's Publishing House, 1994.
Share this article:

This article uses material from the Wikipedia article Central_Financial_and_Economic_Affairs_Commission, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.