中国共产党中央委员会金融工作委员会 | |
![]() | |
Abbreviation | Chinese :中央金融工作委员会 |
---|---|
Formation | 2023 |
Type | Commission directly reporting to the Central Committee |
Region | Mainland China |
Secretary | He Lifeng |
Executive Deputy Secretary | Wang Jiang |
Deputy Secretary | Qin Bin |
Parent organization | Central Committee |
Central Financial Work Commission | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 中央金融工作委员会 | ||||||
Traditional Chinese | 中央金融工作委員會 | ||||||
|
The Central Financial Work Commission (CFWC) is a commission of the Central Committee of the Chinese Communist Party (CCP) that supervises the ideological and political role of the CCP in the Chinese financial system.
CFWC was first created in 1998 to supervise the financial system on behalf of the CCP and to prevent deviations on the part of CCP-appointed managers. It was proposed by the staff of the Central Finance and Economics Leading Group (CFELG) and pursued by Zhu Rongji with the support of Jiang Zemin and Li Peng. The CFCW had political supervision and personnel authority over the People's Bank of China and state financial regulatory bodies,as well as over China's most important national firms.
The Central Financial Work Commission consisted of several core departments:the Organization Department,the Financial Discipline Inspection Work Commission and the Department of Supervisory Board Work. It had about 200 officials and was ranked above ministerial level. Its operations were supervised by Executive Deputy Secretary Yan Haiwang,and it regularly reported directly to its head,CFCW Secretary Wen Jiabao,who concurrently served as a member of the Politburo and as vice-premier in charge of work on finance. Wen was CFCW Secretary from 1998 until the organization's demise in 2002. [1] Some have interpreted this to be evidence of the fact that Wen was being groomed and tested for the position of premier,since he clearly lacked the experience to run effective financial policy. [2] The CFCW facilitated comprehensive personnel reshuffles during its existence,particularly in 1999 and 2000.
The CFWC was abolished at the 16th Party Congress in late 2002,and most of its functions were transferred to state regulatory bodies. [3] Sebastian Heilmann argues that the CFCW was created as part of a strategy to stop the breakdown of the hierarchies in the Chinese financial industry and to restore central policy decisiveness in the aftermath of the Asian financial crisis. [4] While this strategy was successful in establishing centralized supervision and homogenizing financial regulation,it failed to produce market-driven incentive structures for financial executives and clashed with nascent forms of corporate governance emerging in China. According to Heilmann,the dissolution of the CFCW constituted a major redefinition of Party control in economic regulation.
It was reestablished in 2023 under CCP general secretary Xi Jinping after wide-ranging reforms to change the Party and state structure,together with the Central Financial Commission. [5] It was reported that it will supervise the ideological and political role of the CCP in the financial sector. [6] In November 2023,He Lifeng was appointed as the secretary of the commission. [7]
The Chinese Communist Party (CCP),officially the Communist Party of China (CPC),is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong,the CCP emerged victorious in the Chinese Civil War against the Kuomintang. In 1949,Mao proclaimed the establishment of the People's Republic of China. Since then,the CCP has governed China and has had sole control over the People's Liberation Army (PLA). Successive leaders of the CCP have added their own theories to the party's constitution,which outlines the party's ideology,collectively referred to as socialism with Chinese characteristics. As of 2023,the CCP has more than 98 million members,making it the second largest political party by membership in the world after India's Bharatiya Janata Party.
Zhu Rongji is a retired Chinese politician who served as the premier of China from 1998 to 2003 and member of the Politburo Standing Committee of the Chinese Communist Party (CCP) from 1992 to 2002 along with CCP general secretary Jiang Zemin.
Hu Jintao is a Chinese retired politician who served as the general secretary of the Chinese Communist Party (CCP) from 2002 to 2012,the president of China from 2003 to 2013,and chairman of the Central Military Commission (CMC) from 2004 to 2012. He was a member of the CCP Politburo Standing Committee,China's de facto top decision-making body,from 1992 to 2012. Hu was the fifth paramount leader of China from 2002 to 2012.
Wen Jiabao is a Chinese retired politician who served as the premier of China from 2003 to 2013. In his capacity as head of government,Wen was regarded as the leading figure behind China's economic policy. From 2002 to 2012,he held membership in the Politburo Standing Committee of the Chinese Communist Party,the country's de facto top power organ,where he was ranked third out of nine members and after general secretary Hu Jintao and Wu Bangguo,chairman of the Standing Committee of the National People's Congress.
The Shanghai clique,also referred to as the Shanghai gang,Jiang clique,or Jiang faction,refers to an informal group of Chinese Communist Party (CCP) officials who rose to prominence under former CCP General Secretary Jiang Zemin while he served as the party chief and mayor of Shanghai.
Generations of Chinese leadership is a term historians use to characterize distinct periods of the leadership of the Chinese Communist Party (CCP) and,by extension,successive changes in the ideology of the CCP. Historians have studied various periods in the development of the government of the People's Republic of China by reference to these "generations".
The 16th National Congress of the Chinese Communist Party was held in Beijing between November 8 and 14,2002. It was preceded by the 15th National Congress of the Chinese Communist Party. 2,114 delegates and 40 specially invited delegates attended this and elected a 356-member 16th CCP Central Committee,as well as a 121-member Central Commission for Discipline Inspection (CCDI). The Congress marked the nominal transition of power between Jiang Zemin and Hu Jintao,who replaced Jiang as General Secretary,and a newly expanded Politburo Standing Committee line-up. The institutional transition would be completed in state organs by the 2003 National People's Congress in March. Jiang,however,remained head of the Central Military Commission,therefore in practice,the power transition was not complete. The Party National Congress examined and adopted the amendment to the Constitution of the Chinese Communist Party proposed by the 15th CCP Central Committee,and decided to come into force as from the date of its adoption. An amendment to the Constitution was approved the Party National Congress,with Jiang Zemin's signature ideology of "Three Represents" written into it. This congress was succeeded by the 17th National Congress of the Chinese Communist Party.
Li Keqiang was a Chinese economist and politician who served as the premier of the People's Republic of China from 2013 to 2023. He was also the second-ranked member of the Politburo Standing Committee of the Chinese Communist Party (CCP) from 2012 to 2022. Li was a major part of the "fifth generation of Chinese leadership" along with Xi Jinping,the CCP general secretary.
The Central Commission for Discipline Inspection (CCDI) is the highest supervisory organ of the Chinese Communist Party (CCP). The CCDI is under the control of the CCP Central Committee,per the principle of unified power. It is tasked with defending the party constitution,enforcing inner-party regulations,coordinating anti-corruption work,and safeguarding the core position of Xi Jinping in the CCP Central Committee and the party as a whole. Safeguarding the political position of Xi and the Central Committee is,officially,the CCDI's highest responsibility. Since the vast majority of officials at all levels of government are also CCP members,the commission is,in practice,the top anti-corruption body in China.
The Hu–Wen Administration,or Hu–Wen New Administration is the name given to the Chinese leadership that officially succeeded Jiang Zemin,Li Peng and Zhu Rongji in 2002. Using the two leaders' surnames,it is abbreviated as Hu–Wen.
The government of the People's Republic of China is based on a system of people's congress within the parameters of a unitary Marxism–Leninist state,in which the ruling Chinese Communist Party (CCP) enacts its policies through people's congresses. This system is based on the principle of unified state power,in which the legislature,the National People's Congress (NPC),is constitutionally enshrined as "the highest state organ of power." As China's political system has no separation of powers,there is only one branch of government which is represented by the legislature. The CCP through the NPC enacts unified leadership,which requires that all state organs,from the Supreme People's Court to the President of the People's Republic of China,are elected by,answerable to,and have no separate powers than those granted to them by the NPC. The CCP controls appointments in all state bodies through a two-thirds majority in the NPC. The remaining seats are held by nominally independent delegates and eight minor political parties,which are non-oppositional and support the CCP. All government bodies and state-owned enterprises have internal CCP committees that lead the decision-making in these institutions.
The 17th National Congress of the Chinese Communist Party was held in Beijing,China,at the Great Hall of the People from 15 to 21 October 2007. Congress marked a significant shift in the political direction of the country as CCP General Secretary Hu Jintao solidified his position of leadership. Hu's signature policy doctrine,the Scientific Development Concept,which aimed to create a "Socialist Harmonious Society" through egalitarian wealth distribution and concern for the country's less well-off,was enshrined into the Party Constitution. It was succeeded by the 18th National Congress of the Chinese Communist Party.
The 18th National Congress of the Chinese Communist Party was held November 8-15,2012 at the Great Hall of the People. It was preceded by the 17th National Congress of the Chinese Communist Party. Due to term limits and age restrictions,seven of the nine members of the powerful Politburo Standing Committee (PSC) retired during the Congress,including Hu Jintao,who was replaced by Xi Jinping as General Secretary of the Chinese Communist Party. The Congress elected the 18th Central Committee of the Chinese Communist Party,and saw the number of Politburo Standing Committee seats reduced from nine to seven. It was succeeded by the 19th National Congress of the Chinese Communist Party.
The Xi Jinping–Li Keqiang Administration in China began in 2013,when Xi Jinping and Li Keqiang succeeded Hu Jintao and Wen Jiabao following the 18th National Congress of the Chinese Communist Party.
The Financial and Economic Affairs Commission of the Central Committee of the Chinese Communist Party,commonly called 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.
The General Office of the Central Committee of the Chinese Communist Party,often referred to as the Central Office (中办),is an office directly under the Central Committee of the Chinese Communist Party in charge of providing support for the Central Committee and its Politburo,including codifying intra-party regulations,conducting policy research and providing administrative support. The Director of the General Office currently serves as the first-ranked member of the Secretariat of the Chinese Communist Party.
The organization of the Chinese Communist Party (CCP) is based upon the Leninist concept of democratic centralism.
He Lifeng is a Chinese economist and politician who has served as vice premier of the People's Republic of China since March 2023. He has additionally been a member of the Politburo of the Chinese Communist Party since October 2022,and served as the director of the Office of the Central Financial and Economic Affairs Commission since October 2023.
The Central Rural Work Leading Group is a coordination body set up under the Central Committee of the Chinese Communist Party for the purpose of managing rural affairs.
The Central Financial Commission (CFC) is a commission of the Central Committee of the Chinese Communist Party (CCP) that supervises and manage the Chinese financial system.