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Central Financial Commission
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. History The CFC was established in 2023 under CCP general secretary Xi Jinping after wide-ranging reforms to change the party and state structures, together with the Central Financial Work Commission. According to Chinese state media, the new body would strengthen the CCP's "centralized and unified leadership over financial work". The CFC oversaw the dissolution of the Financial Stability and Development Committee (FSDC), a State Council body established in 2017, with FSDC's office being absorbed into the CFC. The CFC began operations in late September. The CFC Office has drawn personnel from other financial institutions such as the People’s Bank of China, the Ministry of Finance, and the National Development and Reform Commission. Functions The CFC's role is to broadly oversee the country's financial s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Committee Of The Chinese Communist Party
The Central Committee of the Chinese Communist Party, officially the Central Committee of the Communist Party of China, is a political body that comprises the top leaders of the Chinese Communist Party (CCP). It is currently composed of 205 full members and 171 alternate members (see list). Members are nominally elected once every five years by the National Congress of the Chinese Communist Party. In practice, the selection process is done privately, usually through consultation of the CCP's Politburo and its corresponding Standing Committee. The Central Committee is, formally, the "party's highest organ of authority" when the National Congress is not in a plenary session. According to the CCP's constitution, the Central Committee is vested with the power to elect the General Secretary and the members of the Politburo and its Standing Committee, as well as the Central Military Commission. It endorses the composition of the Secretariat and the Central Commission for Discipli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
