Central Financial and Economic Affairs Commission

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 policy of both the CCP Central Committee and the State Council. The Commission is generally headed by CCP General Secretary or Premier of China.

Central Financial and Economic Affairs Commission
中央财经委员会

Formation	March 1980
Type	Supra-ministerial policy coordination and consultation body
Headquarters	Huairen Hall, Zhongnanhai[1]
Location	Beijing
Leader	Xi Jinping
Deputy Leader	Li Qiang
Office Director	He Lifeng
Parent organization	Central Committee of the Chinese Communist Party
Subsidiaries	General 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 Pinyin Zhōngyāng Cáijīng Wěiyuánhuì

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) in 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.

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

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 member, Premier of the People's Republic of China
• Director of General Office
  • Liu He
• 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

• 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
  • Han Wenxiu (from December 2018)^[5]

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
  • He Lifeng, Politburo member, Vice Premier^[6]
• Executive Deputy Director of the General Office
  • Han Wenxiu^[5]
• 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