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Central Financial and Economic Affairs Commission

Commission of the Central Committee of the Chinese Communist Party

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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 (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.

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