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.
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 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 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.

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.

Leaders

  1. Zhao Ziyang
  2. Jiang Zemin
  3. Hu Jintao
  4. Xi Jinping

Composition

18th Committee

19th Committee

20th Committee

Leader
  • * Xi Jinping, General Secretary of the Chinese Communist Party, President of the People's Republic of ChinaDeputy Leader
  • *Li Qiang, Politburo Standing Committee, Premier of the People's Republic of China
  • Director of General Office
  • *He Lifeng, Politburo member, Vice Premier
  • Executive Deputy Director of the General Office
  • *Han Wenxiu
  • Deputy Director of General Office
  • *Yan Pengcheng
  • *Yang Yinkai
  • *Zhu Weidong
  • Members
  • *Cai Qi, Politburo Standing Committee, First Secretary of the Secretariat
  • *Ding Xuexiang, Politburo Standing Committee, First Vice Premier