Leading Group for Financial and Economic Affairs
Encyclopedia
The Leading Group for Financial and Economic Affairs (simplified Chinese: 中共中央财经领导小组; pinyin
Pinyin
Pinyin is the official system to transcribe Chinese characters into the Roman alphabet in China, Malaysia, Singapore and Taiwan. It is also often used to teach Mandarin Chinese and spell Chinese names in foreign publications and used as an input method to enter Chinese characters into...

: Zhōng​gòng​zhōng​yāng Cái​jīng Lǐng​dǎo Xiǎo​zǔ) is an inner group of the Central Committee of the Communist Party of China
Central Committee of the Communist Party of China
The Central Committee of the Communist Party of China is the highest authority within the Communist Party of China. Its approximately 350 members and alternates are selected once every five years by the National Party Congress....

 at the dependence of the CPC Politburo
Politburo of the Communist Party of China
The Central Politburo of the Communist Party of China or Political bureau of the CPC Central Committee , formerly as Central Bureau before 1927, is a group of 24 people who oversee the Communist Party of China...

 in charge of leading and supervising economic work of both the CPC Central Committee and the State Council
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...

.

The decision to establish this group was taken by the CPC Politburo Standing Committee
Politburo Standing Committee of the Communist Party of China
The Politburo Standing Committee of the Communist Party of China is a committee consisting of the top leadership of the Communist Party of China, whose membership varies between 5 and 9 people. The inner workings of the PSC are not well known, although it is believed that decisions of the PSC are...

 on March 17, 1980 to replace the State Commission for Economy and Finance, so meeting the requirements of Deng Xiaoping
Deng Xiaoping
Deng Xiaoping was a Chinese politician, statesman, and diplomat. As leader of the Communist Party of China, Deng was a reformer who led China towards a market economy...

's "Reform and Opening Up
Chinese economic reform
The Chinese economic reform refers to the program of economic reforms called "Socialism with Chinese characteristics" in the People's Republic of China that were started in December 1978 by reformists within the Communist Party of China led by Deng Xiaoping.China had one of the world's largest...

" policy. It is currently led by Premier
Premier of the People's Republic of China
The Premier of the State Council of the People's Republic of China , sometimes also referred to as the "Prime Minister" informally, is the Leader of the State Council of the People's Republic of China , who is the head of government and holds the highest-ranking of the Civil service of the...

 Wen Jiabao
Wen Jiabao
Wen Jiabao is the sixth and current Premier and Party secretary of the State Council of the People's Republic of China, serving as China's head of government and leading its cabinet. In his capacity as Premier, Wen is regarded as the leading figure behind China's economic policy...

.

Leaders

  • Zhao Ziyang
    Zhao Ziyang
    Zhao Ziyang was a high-ranking politician in the People's Republic of China . He was the third Premier of the People's Republic of China from 1980 to 1987, and General Secretary of the Communist Party of China from 1987 to 1989....

     (1980–1989)
  • Jiang Zemin
    Jiang Zemin
    Jiang Zemin is a former Chinese politician, who served as General Secretary of the Communist Party of China from 1989 to 2002, as President of the People's Republic of China from 1993 to 2003, and as Chairman of the Central Military Commission from 1989 to 2005...

     (1989–1998)
  • Zhu Rongji
    Zhu Rongji
    Zhū Róngjī is a prominent Chinese politician who served as the Mayor and Party chief in Shanghai between 1987 and 1991, before serving as Vice-Premier and then the fifth Premier of the People's Republic of China from March 1998 to March 2003.A tough administrator, his time in office saw the...

     (1998–2003)
  • Wen Jiabao
    Wen Jiabao
    Wen Jiabao is the sixth and current Premier and Party secretary of the State Council of the People's Republic of China, serving as China's head of government and leading its cabinet. In his capacity as Premier, Wen is regarded as the leading figure behind China's economic policy...

     (2003–present)

Current composition

  • Leader: Wen Jiabao
    Wen Jiabao
    Wen Jiabao is the sixth and current Premier and Party secretary of the State Council of the People's Republic of China, serving as China's head of government and leading its cabinet. In his capacity as Premier, Wen is regarded as the leading figure behind China's economic policy...

  • Deputy Leader: Li Keqiang
    Li Keqiang
    Li Keqiang is the First-ranking Vice-Premier and deputy Party secretary of the State Council of the People's Republic of China, the seventh ranked member of the Politburo Standing Committee, the People's Republic of China's de facto highest decision-making body...

  • Secretary-General: Wang Qishan
    Wang Qishan
    Wang Qishan is a politician in the People's Republic of China who currently serves as the Vice-Premier in charge of economic, energy and financial affairs under premier Wen Jiabao. Previously Wang served in regional positions in Hainan and Beijing...

  • Deputy Secretary-General: Zhu Zhixin
    Zhu Zhixin
    Zhu Zhixin is a politician of the People's Republic of China. He currently serves as the vice chairman and vice Communist Party of China Party chief of the National Development and Reform Commission of the State Council of the People's Republic of China.-Early years and education:Zhu was born in...

  • Members: Hui Liangyu, Zhang Dejiang
    Zhang Dejiang
    Zhang Dejiang is a current Vice-Premier and a prominent leader of the Communist Party of China, a member of its Politburo.-Biography:Zhang, a native of Tai'an, Liaoning, attended Yanbian University, where he studied the Korean language. Beginning in August 1978 Zhang attended Kim Il-sung...

    , Ma Kai
    Ma Kai
    Ma Kai is a State Councilor and Secretary General of the State Council of the People's Republic of China.-Biography:Ma Kai was born in Jinshan, Shanghai in 1946. He received his Master's degree from Renmin University of China in 1982....

    , Zhang Ping
    Zhang Ping (politician)
    Zhang Ping is the current chairman of the National Development and Reform Commission, a prominent department within the State Council of the People's Republic of China. Prior to his current position, he served as deputy secretary general of the State Council from 2006 to 2008.-Biography:Zhang was...

    , Xie Xuren
    Xie Xuren
    Xie Xuren , is the current Minister of Finance of People's Republic of China, and former Director-General of the State Administration of Taxation. He's also a member of the 17th CPC Central Committee.-Biography:...

    , Zhou Xiaochuan
    Zhou Xiaochuan
    Zhou Xiaochuan is a Chinese economist, banker, reformist and bureaucrat. As governor of the People's Bank of China since December 2002, he has been in charge of the monetary policy of the People's Republic of China....

    , Li Rongrong
    Li Rongrong
    Li Rongrong is a politician of the People's Republic of China and the former chairman of State-owned Assets Supervision and Administration Commission of the State Council of PRC....

    , Shang Fulin
    Shang Fulin
    Shang Fulin is a politician of the People's Republic of China. He served as president of the China Securities Regulatory Commission until October, 2011, when he was appointed to lead the China Banking Regulatory Commission.- Biography :...

    , Wu Dingfu.

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.
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