Central Financial and Economic Affairs Commission

Last updated
Central Financial and Economic Affairs Commission
中央财经委员会
FormationMarch 1980
TypeSupra-ministerial policy coordination and consultation body
Headquarters Huairen Hall, Zhongnanhai [1]
Location
Leader
Xi Jinping
Deputy Leader
Li Qiang
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

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.

Contents

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

19th Committee

20th Committee

Related Research Articles

The orders of precedence in China is the ranking of political leaders in China for the purposes of event protocol and to arrange the ordering of names in official news bulletins, both written and televised. It is also sometimes used to assess perceived level of political power. Although there is no formally published ranking, there is usually an established convention and protocol, and the relative positions of Chinese political figures can usually be deduced from the order in meetings and especially by the time and order in which figures are covered by the official media. Since 1982, the General Secretary of the Chinese Communist Party has been the highest ranking official in the People's Republic of China (PRC).

<span class="mw-page-title-main">Secretariat of the Chinese Communist Party</span> Body serving the Politburo of the CCP and its Standing Committee

The Secretariat, officially the Secretariat of the Central Committee of the Communist Party of China, is a body serving the Chinese Communist Party (CCP)'s Politburo and Standing Committee. The secretariat is mainly responsible for carrying out routine operations of the Politburo and coordinating organizations and stakeholders to achieve tasks set out by the Politburo. It is empowered by the Politburo to make routine day-to-day decisions on issues of concern in accordance with the decisions of the Politburo, but it must consult the Politburo on substantive matters. The de facto head of the Secretariat is the first-ranked secretary.

Paramount leader is an informal term for the most important political figure in the People's Republic of China (PRC). The paramount leader typically controls the Chinese Communist Party (CCP) and the People's Liberation Army (PLA), often holding the titles of CCP General Secretary and Chairman of the Central Military Commission (CMC). The state representative (president) or head of government (premier) are not necessarily paramount leader—under China's party-state system, CCP roles are politically more important than state titles.

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".

<span class="mw-page-title-main">Central Foreign Affairs Commission</span> Commission of the Central Committee of the Chinese Communist Party

The Foreign Affairs Commission of the Central Committee of the Chinese Communist Party, commonly called the Central Foreign Affairs Commission, is a commission of the Central Committee of the Chinese Communist Party (CCP) that exercises general oversight on matters related to foreign affairs.

Hu Qili is a former high-ranking politician of the Chinese Communist Party (CCP). He was the first-ranked secretary of the CCP Secretariat from 1985 to 1989 and a member of the CCP Politburo Standing Committee from 1987 to 1989. In 1989, he was purged for his sympathy toward the students of the 1989 Tiananmen Square protests and his support for General Secretary Zhao Ziyang. However, he was able to get back into politics in 1991. In 2001, he was named chairman of the Soong Ching-ling Foundation.

<span class="mw-page-title-main">Government of China</span> Administrative bodies of the Peoples Republic of China

The government of the People's Republic of China is based on a system of people's congress within the parameters of a unitary communist 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.

<span class="mw-page-title-main">17th National Congress of the Chinese Communist Party</span>

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.

<span class="mw-page-title-main">Central Political and Legal Affairs Commission</span> Organ of the Chinese Communist Party

The Central Political and Legal Affairs Commission (CPLC), commonly referred to as Zhongyang Zhengfawei in Chinese, is the organization under the Central Committee of the Chinese Communist Party (CCP) responsible for "political and legal affairs". Based on the principles of Leninism and democratic centralism, the organization acts as the overseer and coordinator of all legal enforcement authorities, including the Ministries of State Security, Public Security and Justice, as well as the Supreme People's Court and Supreme People's Procuratorate. All the CCP committees of provinces, municipalities, counties and autonomous regions establish respective politics and law commissions.

<span class="mw-page-title-main">18th National Congress of the Chinese Communist Party</span> 2012 Chinese Communist Party conference

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.

<span class="mw-page-title-main">Central Leading Group for Taiwan Affairs</span> Chinese policy coordination group

The Central Leading Group for Taiwan Affairs is an internal policy coordination group of the Central Committee of the Chinese Communist Party, reporting to the Politburo of the Chinese Communist Party, in charge of supervising and coordinating China's policy of unification towards Taiwan. It was established in 1979 and has been led by the General Secretary of the Chinese Communist Party since 1989.

<span class="mw-page-title-main">Central Leading Group for Propaganda, Ideology and Culture</span> Chinese CCP Politburo agency for nationwide publicity

The Central Leading Group for Propaganda, Ideological and Cultural Work is a leading small group of the Central Committee of the Chinese Communist Party (CCP) responsible for nationwide propaganda.

<span class="mw-page-title-main">Central Comprehensively Deepening Reforms Commission</span>

The Central Comprehensively Deepening Reforms Commission, also translated as the Central Commission for Deepening Reform, is a policy formulation and implementation body of the Central Committee of the Chinese Communist Party (CCP) in charge of "Comprehensively Deepening Reforms". These reforms are intended to be even more far-reaching than the previous round of comprehensive Chinese economic reforms initiated by Deng Xiaoping.

<span class="mw-page-title-main">Central Cyberspace Affairs Commission</span> Chinese Communist Party organization

The Central Cyberspace Affairs Commission is a policy formulation and implementation body set up under the Central Committee of the Chinese Communist Party for the purpose of managing internet-related issues. This is believed to include the expansion of online services, internet security concerns, as well as broad jurisdiction over policies on internet censorship. The Central Cyberspace Affairs Commission runs the Public Opinion Information Center, which coordinates with state media outlets on censorship. The commission's executive arm is the Office of the Central Cyberspace Affairs Commission, which has the external name of the Cyberspace Administration of China under the "one institution with two names" system.

<span class="mw-page-title-main">Central Leading Group for Military Reform</span>

The Leading Group for National Defence and Military Reform of the Central Military Commission is a policy formulation and implementation body set up under the Central Military Commission and ultimately answerable to the Central Committee of the Chinese Communist Party for the purpose of formulating policies related to military reform. The group is headed by Xi Jinping, General Secretary of the Chinese Communist Party and Chairman of the Central Military Commission.

<span class="mw-page-title-main">Central Leading Group for Inspection Work</span> Disciplinary organization of the Chinese Communist Party

The Central Leading Group for Inspection Work is a coordination body set up under the Central Committee of the Chinese Communist Party for the purpose of managing party disciplinary inspections nationwide.

<span class="mw-page-title-main">Central Leading Group on Hong Kong and Macau Affairs</span>

The Central Leading Group on Hong Kong and Macau Affairs is an internal policy coordination group of the Central Committee of the Chinese Communist Party (CCP), reporting to the CCP Politburo, in charge of supervising and coordinating Beijing's policy towards the Special Administrative Regions of Hong Kong and Macau.

<span class="mw-page-title-main">He Lifeng</span> Chinese politician

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.

References

Citations

  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. 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. Retrieved 24 March 2018.
  4. "Decoding Chinese Politics". Asia Society . Retrieved 2 October 2023.
  5. 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.