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Central Financial and Economic Affairs Commission

From Wikipedia, the free encyclopedia
Commission of the Central Committee of the Chinese Communist Party
Central Financial and Economic Affairs Commission
中央财经委员会
FormationMarch 1980
TypeSupra-ministerial policy coordination and consultation body
HeadquartersHuairen Hall,Zhongnanhai[1]
Location
Leader
Xi Jinping
Deputy Leader
Li Qiang
Office Director
He Lifeng
Parent organization
Central Committee of the Chinese Communist Party
SubsidiariesGeneral Office of the Leading Group for Financial and Economic Affairs
Central Financial and Economic Affairs Commission
Simplified Chinese中央财经委员会
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngyāng Cáijīng Wěiyuánhuì
History
Military organ
flagChina portal

TheCentral Financial and Economic Affairs Commission is a commission of theCentral Committee of the Chinese Communist Party in charge of leading and supervising economic policy of both the CCP Central Committee and theState Council. The commission is generally headed byCCP General Secretary orPremier of China.

It is currently led byGeneral SecretaryXi Jinping, withPremierLi Qiang as its deputy leader. The Commission coordinates closely with theNational 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 byHe Lifeng.

History

[edit]

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) in March 1980. The decision to establish this group was taken by theCCP 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 ofDeng Xiaoping'sreform and opening up.

In March 2018, the leading group was transformed into the Central Financial and Economic Affairs Commission as part of thedeepening the reform of the Party and state institutions.[3]

Functions

[edit]

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

[edit]
  1. Zhao Ziyang (1980–1989, as Premier then CCP General Secretary)
  2. Jiang Zemin (1989–2002, as CCP General Secretary)
  3. Hu Jintao (2002–2012, as CCP General Secretary)
  4. Xi Jinping (2012–present, as CCP General Secretary)

Composition

[edit]

18th Committee

[edit]
  • 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 member, Premier of the People's Republic of China
  • Director of General Office
  • Members
    • Liu Yunshan, Politburo Standing Committee member, First Secretary of the Secretariat
    • Zhang Gaoli, Politburo Standing Committee member, First Vice Premier
    • Liu Yandong, Politburo member, Vice Premier
    • Wang Yang, Politburo member, Vice Premier
    • Ma Kai, Politburo member, Vice Premier
    • Wang Huning, Politburo member, CCP Policy Research Office chief
    • Li Zhanshu, Politburo member, CCP General Office chief
    • Yang Jiechi, State Councilor in charge of Foreign Affairs
    • Yang Jing, Secretary-General of the State Council, Secretary of the Central Secretariat
    • Zhou Xiaochuan, Governor of the People's Bank of China
    • Fang Fenghui, PLA Chief of General Staff
    • Xiao Jie, Deputy Secretary-General of the State Council
    • Xu Shaoshi, Director of the National Development and Reform Commission
    • Miao Wei, Minister of Industry and Information Technology
    • Jiang Daming, Minister of Land and Resources
    • Chen Lei, Minister of Water Resources
    • Wang Yi, Minister of Foreign Affairs
    • Wang Zhigang, Deputy Minister of Science and Technology
    • Lou Jiwei, Minister of Finance
    • Zhou Shengxian, Minister of Environmental Protection
    • Yang Chuantang, Minister of Transport
    • Wu Xinxiong, Director of the National Energy Administration

19th Committee

[edit]
  • 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 member, Premier of the People's Republic of China
  • Director of General Office
    • Liu He, Politburo member, Vice Premier
  • Executive Deputy Director of the General Office

20th Committee

[edit]
  • 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[7]
    • Yang Yinkai[8]
    • Zhu Weidong
  • Members
    • Cai Qi, Politburo Standing Committee, First Secretary of the Secretariat
    • Ding Xuexiang, Politburo Standing Committee, First Vice Premier

Meetings

[edit]

19th Central Committee

[edit]
DateContentRef.
1April 2, 2018
  • Study the ideas and measures to win the three major battles
  • Study and approve the "Working Rules of the Central Finance and Economics Commission"
  • Listened to the report of the People's Bank of China on the ideas and measures to fight the battle to prevent and resolve major risks
  • Listened to the report of the State Council Poverty Alleviation Office on the ideas and measures for winning the battle against poverty
  • Listened to the report of the Ministry of Ecology and Environment on the ideas and measures to fight the tough battle against pollution
[9]
2July 13, 2018
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Chinese Academy of Sciences, and the Chinese Academy of Engineering
[10]
3October 10, 2018
  • Study on improving my country's natural disaster prevention and control capabilities and the planning and construction of the Sichuan-Tibet Railway
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Emergency Management, the Ministry of Natural Resources, the Ministry of Water Resources, the Ministry of Science and Technology and China Railway Corporation
[11]
4April 22, 2019
  • Study on the issues of filling the gaps in building a moderately prosperous society in all respects and the implementation of the spirit of the Central Economic Work Conference
  • Listened to the reports of the National Development and Reform Commission, the National Bureau of Statistics, the Ministry of Ecology and Environment, the State Council Leading Group Office of Poverty Alleviation and Development, the Central Rural Work Leading Group and the Ministry of Agriculture and Rural Affairs on the issue of filling the gaps in building a moderately prosperous society in all respects
  • Listened to the reports on the implementation of the spirit of the Central Economic Work Conference from the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of China and other departments
[12]
5August 26, 2019
  • Study the issues of promoting regional economic layout with complementary advantages and high-quality development, and improving industrial basic capabilities and industrial chain levels.
  • Listened to the reports from the National Development and Reform Commission, the National Bureau of Statistics, Shanghai, Guangdong, and Liaoning on promoting the formation of a regional economic layout with complementary advantages and high-quality development
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission of the State Council, and the Chinese Academy of Engineering on improving the basic capabilities of the industry and the level of the industrial chain
[13]
6January 3, 2020
  • Study the issues of ecological protection and high-quality development in the Yellow River Basin and promote the construction of the Chengdu-Chongqing Twin Cities Economic Circle
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Water Resources, and the Ministry of Culture and Tourism on the ecological protection and high-quality development of the Yellow River Basin
  • Listened to the reports from the National Development and Reform Commission, Chongqing Municipality and Sichuan Province on promoting the construction of the Chengdu-Chongqing Twin Cities Economic Circle
[14]
7April 10, 2020
  • Study on several major issues of the country's medium- and long-term economic and social development strategy
[15]
8September 9, 2020
  • Study on the smooth circulation of national economy and the construction of modern circulation system
  • Study the implementation of the decisions and arrangements made by the Central Financial and Economic Commission since the 19th CCP National Congress
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Transport, the Ministry of Commerce, and the People's Bank of China on unblocking the national economic cycle and building a modern circulation system
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Emergency Management, the People's Bank of China and other departments on the implementation of the decisions and arrangements of the Central Financial and Economic Commission since the 19th National Congress of the Chinese Communist Party
[16]
9March 15, 2021
  • Research on issues related to promoting the healthy development of the platform economy and the basic ideas and major measures for achieving carbon peak and carbon neutrality
  • Listened to the reports from the National Development and Reform Commission, the People's Bank of China and the State Administration for Market Regulation on promoting the healthy development of the platform economy
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Ecology and Environment, and the Ministry of Natural Resources on the overall ideas and major measures for achieving carbon peak and carbon neutrality
[17]
10
August 17, 2021
  • Study the issue of promoting common prosperity
  • Study on preventing and defusing major financial risks and ensuring financial stability and development
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Finance, the Ministry of Human Resources and Social Security, and the Central Rural Work Office on solidly promoting common prosperity
  • Listened to reports from the People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, National Development and Reform Commission, and Ministry of Finance on preventing and resolving major financial risks and ensuring financial stability and development.
[18]
11April 26, 2022
  • Study on comprehensively strengthening infrastructure construction
  • Study the implementation of the decisions and arrangements made by the Central Financial and Economic Commission since the 19th CCP National Congress
  • Listened to the reports of the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Transport, the Ministry of Housing and Urban-Rural Development, the Ministry of Agriculture and Rural Affairs, the Ministry of Water Resources and other departments on comprehensively strengthening infrastructure construction
  • Listened to the reports from the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Ecology and Environment, the Ministry of Agriculture and Rural Affairs, the Ministry of Emergency Management, the People's Bank of China and other departments on the implementation of the decisions and arrangements of the Central Financial and Economic Commission since the 19th National Congress of the Chinese Communist Party
[19]

20th Central Committee

[edit]
DateContentRef.
1May 5, 2023
  • Accelerate the construction of a modern industrial system
  • Supporting Chinese-style modernization with high-quality population development
[20]
2July 20, 2023
  • Strengthening the protection of cultivated land and the comprehensive transformation and utilization of saline-alkali land
[21]
4February 23, 2024
  • Large-scale equipment replacement and consumer product trade-in
  • Effectively reduce the logistics costs of the whole society
[22]
6July 1, 2025
  • Deepen the construction of a unified national market
  • High-quality development of the marine economy
[23]

References

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Citations

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  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. Retrieved11 February 2018.
  2. ^Zhao, Yajuan."解密中央财经领导小组". Eastday.
  3. ^"CPC releases plan on deepening reform of Party and state institutions".People's Daily Online. Retrieved24 March 2018.
  4. ^"Decoding Chinese Politics".Asia Society. Retrieved2 October 2023.
  5. ^abYue 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). Retrieved7 November 2022.
  6. ^Cash, Joe (2023-10-30)."He Lifeng: China's economy tsar made director of key party commission".reuters.com. Retrieved2024-10-08.
  7. ^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. Retrieved12 April 2024.
  8. ^Zhuang, Sylvie (7 September 2023)."China names veteran economic planner Yang Yinkai to Communist Party's top financial policy body".South China Morning Post. Retrieved8 September 2023.
  9. ^"习近平主持召开中央财经委员会第一次会议强调 加强党中央对经济工作的集中统一领导 打好决胜全面建成小康社会三大攻坚战" [Xi Jinping presided over the first meeting of the Central Financial and Economic Commission and stressed strengthening the centralized and unified leadership of the Party Central Committee over economic work and winning the three major battles to fully build a moderately prosperous society].Communist Party Member Network. 2 April 2018. Retrieved2025-07-02.
  10. ^"习近平：提高关键核心技术创新能力 为我国发展提供有力科技保障" [Xi Jinping: Improving the innovation capability of key core technologies will provide strong scientific and technological support for my country's development].Communist Party Member Network. 13 July 2018. Retrieved2025-07-02.
  11. ^"习近平主持召开中央财经委员会第三次会议强调 大力提高我国自然灾害防治能力 全面启动川藏铁路规划建设" [Xi Jinping presided over the third meeting of the Central Financial and Economic Commission and stressed the need to vigorously improve my country's natural disaster prevention and control capabilities and fully launch the planning and construction of the Sichuan-Tibet Railway].Communist Party Member Network. 10 October 2018. Retrieved2025-07-02.
  12. ^"习近平主持召开中央财经委员会第四次会议" [Xi Jinping presided over the fourth meeting of the Central Financial and Economic Affairs Commission].Communist Party Member Network. 22 April 2019. Retrieved2025-07-02.
  13. ^"习近平主持召开中央财经委员会第五次会议" [Xi Jinping presided over the fifth meeting of the Central Financial and Economic Affairs Commission].Communist Party Member Network. 26 August 2019. Retrieved2025-07-02.
  14. ^"习近平主持召开中央财经委员会第六次会议" [Xi Jinping presided over the sixth meeting of the Central Financial and Economic Affairs Commission].Communist Party Member Network. 3 January 2020. Retrieved2025-07-02.
  15. ^"习近平：国家中长期经济社会发展战略若干重大问题" [Xi Jinping: Several major issues concerning the country's medium- and long-term economic and social development strategy].Communist Party Member Network. 31 October 2020. Retrieved2025-07-02.
  16. ^"习近平主持召开中央财经委员会第八次会议强调 统筹推进现代流通体系建设 为构建新发展格局提供有力支撑 李克强王沪宁韩正出席" [Xi Jinping presided over the 8th meeting of the Central Financial and Economic Affairs Commission and stressed that the coordinated promotion of the construction of a modern circulation system will provide strong support for the construction of a new development pattern. Li Keqiang, Wang Huning and Han Zheng attended the meeting.].Communist Party Member Network. 9 September 2020. Retrieved2025-07-02.
  17. ^"习近平主持召开中央财经委员会第九次会议" [Xi Jinping presided over the ninth meeting of the Central Financial and Economic Affairs Commission].Communist Party Member Network. 15 March 2021. Retrieved2025-07-02.
  18. ^"习近平主持召开中央财经委员会第十次会议" [Xi Jinping presided over the 10th meeting of the Central Financial and Economic Affairs Commission].Communist Party Member Network. 17 August 2021. Retrieved2025-07-02.
  19. ^"习近平主持召开中央财经委员会第十一次会议" [Xi Jinping presided over the 11th meeting of the Central Financial and Economic Affairs Commission].Communist Party Member Network. 26 April 2022. Retrieved2025-07-02.
  20. ^"习近平主持召开二十届中央财经委员会第一次会议强调 加快建设以实体经济为支撑的现代化产业体系 以人口高质量发展支撑中国式现代化" [Xi Jinping presided over the first meeting of the 20th Central Financial and Economic Commission and stressed the need to accelerate the construction of a modern industrial system supported by the real economy and to support China's modernization with high-quality population development.].Communist Party Member Network. 5 May 2023. Retrieved2025-07-02.
  21. ^"习近平主持召开中央财经委员会第二次会议强调 切实加强耕地保护 全力提升耕地质量 稳步拓展农业生产空间" [Xi Jinping presided over the second meeting of the Central Financial and Economic Commission and stressed the need to strengthen farmland protection, make every effort to improve farmland quality and steadily expand agricultural production space.].Communist Party Member Network. 20 July 2023. Retrieved2025-07-02.
  22. ^"习近平主持召开中央财经委员会第四次会议强调 推动新一轮大规模设备更新和消费品以旧换新 有效降低全社会物流成本" [Xi Jinping presided over the fourth meeting of the Central Financial and Economic Commission and stressed the need to promote a new round of large-scale equipment upgrades and consumer goods replacement to effectively reduce the logistics costs of the entire society.].Communist Party Member Network. 23 February 2024. Retrieved2025-07-02.
  23. ^Sun, Luna (1 July 2025)."China's Xi Jinping puts domestic market at forefront in high-profile meeting".South China Morning Post. Retrieved2 July 2025.

Sources

[edit]
  • 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.
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