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Financial Stability And Development Committee
The Financial Stability and Development Committee (FSDC, ) is a Chinese financial regulatory body under the State Council. History In August 2013, China indicated that it would create a new government body to coordinate financial regulation. The announcement was made amidst a wide variety of regulatory reforms as government concern about the corporate debt bubble grew in China. Chinese Communist Party general secretary Xi Jinping at the July 2017 National Financial Work Conference gave a speech describing the Financial Stability and Development Committee, by name, stating that its purpose would be to “strengthen financial regulatory coordination and supplement regulatory shortcomings” and “strengthen the People's Bank of China’s macroprudential regulation and systemic risk prevention role, strengthen the regulatory role of financial regulatory departments, and ensure the safe and stable development of the Chinese financial sector.” The Central Committee of the Commun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu He (politician)
Liu He (; born 25 January 1952) is a Chinese economist and politician, a former member of the Politburo of the Chinese Communist Party and one of the Vice Premiers of the People's Republic of China. Liu is also the director of the Office serving the Central Financial and Economic Affairs Commission of the Chinese Communist Party (CCP); the latter headed by CCP General Secretary Xi Jinping. He was named vice-premier on 19 March 2018 and is heading the Financial Stability and Development Committee. Education Liu attended Beijing 101 Middle School for middle and high school. He received a Bachelor of Science in Industrial Economics and Management from Renmin University of China in 1983 and a Master of Science in Industrial Economics in 1986. He was a visiting scholar at Seton Hall University School of Business from 1992 to 1993. He received a Master of Public Administration from Harvard Kennedy School in 1995. Career He has published widely on macroeconomics, Chinese industrial a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politburo Of The Communist Party Of China
The Politburo of the Chinese Communist Party, formally known as the Political Bureau of the Communist Party of China Central Committee and known as the Central Bureau before 1927, is the decision-making body of the Chinese Communist Party (CCP). Currently, it is a group of 24 top officials who oversee the CCP and headed by the general secretary. Unlike politburos of other Communist parties, power within the Chinese politburo is further centralized in the Politburo Standing Committee, a group of 7 individuals from among the larger Politburo. The Politburo is nominally elected by the Central Committee. In practice, however, scholars of Chinese elite politics believe that the Politburo is a self-perpetuating body, with new members of both the Politburo and its Standing Committee chosen through a series of deliberations by current Politburo members and retired Politburo Standing Committee members. The current and former Politburo members conduct a series of informal straw polls to de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Development And Reform Commission
The National Development and Reform Commission of the People's Republic of China (NDRC), formerly State Planning Commission and State Development Planning Commission, is a macroeconomic management agency under the State Council, which has broad administrative and planning control over the economy of Mainland China. It has reputation of being the "mini-state council". The candidate for the chairperson of the NDRC is nominated by the Premier of the People's Republic of China and approved by the National People's Congress. Since February 2017 the commission has been headed by He Lifeng. Synopsis The NDRC's functions are to study and formulate policies for economic and social development, maintain the balance of economic development, and to guide restructuring of the economic system of Mainland China. The NDRC has twenty-six functional departments/bureaus/offices with an authorized staff size of 890 civil servants. Prior to 2018, it was also responsible for enforcing China's a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Han Wenxiu
Han Wenxiu (; born September 1963) is a Chinese economist and politician, currently serving as executive deputy director of the . He is a representative of the 20th National Congress of the Chinese Communist Party and a member of the 20th Central Committee of the Chinese Communist Party. Biography Han was born in Zanhuang County, Hebei, in September 1963. In 1980, he enrolled at Peking University where he received his bachelor's degree in 1984 and his master's degree in 1989 both in economics. He also received his doctor's degree in finance in 2010 from the Renmin University of China. He studied at Oxford University between September 1992 and September 1993. Han worked at the Economic Research Center of the State Planning Commission (now Macroeconomic Research Institute of National Development and Reform Commission) from January 1989 to July 1997. He then worked in other departments of the National Development and Reform Commission till 2005. In March 2005, Han became leader of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 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. It is currently led by General Secretary Xi Jinping, with Premier Li Keqiang 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 Liu He. History The Commission was originally established as the Central Leading Group for Financial and Economic Affairs () 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 f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pan Gongsheng
Pan Gongsheng (; born July 8, 1963) is a Chinese economist who is the current Chinese Communist Party Committee Secretary and governor of the People's Bank of China (PBC) and the Director of the State Administration of Foreign Exchange. At the PBC, he has worked on the monetary policy of China. Education Pan received his Ph.D. in economics from Renmin University of China. He did his post-doctoral research at Cambridge University and was a research fellow at Harvard University.http://www.pbc.gov.cn/english/130715/130839/index.html Career Commercial Banking Pan was Vice President of Agricultural Bank of China from 2008-2010. Prior to Agricultural Bank Pan worked at Industrial and Commercial Bank of China in a number of positions. People's Bank of China In 2012, Pan joined the People's Bank of China as Deputy Governor, and later assumed leadership of State Administration of Foreign Exchange, as its administrator. Pan leads Leading Group of Internet Financial Risks Remediation, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Administration Of Foreign Exchange
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which at the end of December 2016 stood at $3.01 trillion for the People's Bank of China. The current director is Pan Gongsheng. Role SAFE's existence and role were initially closely guarded secrets, its subsidiaries were minor, but the funds under management have increased significantly in recent years. They were responsible for running SAFE's portfolio across the various time zones, replicating the investments of head office in Beijing.Jamil AnderliniChina investment arm emerges from shadows, ''Financial Times'', 5 January 2008 SAFE created and controlled the Central Huijin Investment, but in September 2007, it ceded control to the newly formed sovereign wealth fund, China Investment Corporation. With ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu Shiyu
Liu Shiyu (; born November 1961) is a Chinese banker and former public official. He was best known for his term as head of the China Securities Regulatory Commission between 2016 and 2018. Liu previously served as President of the Agricultural Bank of China from 2014 to 2016. He turned himself into the authorities for disciplinary violations in 2019, and was demoted given a party membership suspension. At the time, he was serving as Chairman of the All China Federation of Supply and Marketing Cooperatives. Liu was the second ministerial-level official to hand in to anti-corruption authorities since the 18th National Congress of the Chinese Communist Party in late 2012. Biography Liu was born in Guanyun County, Jiangsu. He graduated from Tsinghua University initially in hydraulic engineering, then and received a master's combined degree in engineering and management, and a doctorate in economics. Between 1987 and 1996, he worked for the Shanghai municipal economic structural reform ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was passed December 1998, and became effective July 1, 1999. It is the nation's first comprehensive securities legislation, and grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities related to securities and futures"., note 1. The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations. Indicative of the role of the CSRC, China's highest court, the Suprem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guo Shuqing
Guo Shuqing (; born 23 July 1956), also spelled as Kuo Shu-ching is a Chinese politician, banker, and financial regulator. He is currently serving as the chairman of the China Banking and Insurance Regulatory Commission. Guo spent most of his career in the finance industry. He formerly served as the Governor and Deputy Party Secretary of Shandong province, chairman of the China Securities Regulatory Commission (CSRC), chairman of China Construction Bank, chairman of the State Administration of Foreign Exchange, vice-governor of the People's Bank of China and vice-governor of Guizhou Province as well as the director of the State Administration of Foreign Exchange. Early life and education Guo Shuqing was born in August 1956 in Chahar Right Back Banner, Inner Mongolia Autonomous Region, near the city of Ulanqab. He is of Han Chinese background. In August 1974, he joined a farming commune in Siziwang Banner, near the regional capital Hohhot, as a labourer during the Down to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Banking And Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) is an agency of the People's Republic of China (PRC) authorised by the State Council to * Supervise the establishment and ongoing business activities of banking and insurance institutions. * Take enforcement actions against regulatory violations. The CBIRC was established in April 2018 by a merger of China's banking and insurance regulators, namely, the China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry. It was founded o ... (CIRC). References Government agencies of China Financial regulatory authorities of China Banking in China Insurance in China Government agencies established in 2018 2018 establishments in China Regulation in China Organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ding Xuedong
Ding Xuedong (born February 1960) is the current Deputy Secretary-General of the State Council of the People's Republic of China. He was the Chairman & CEO of China Investment Corporation previously. Ding holds a Ph.D. in economics from the Research Institute for Fiscal Science, Ministry of Finance. In his earlier career, Mr. Ding served as Director General of the Department of Property Rights and Director General of the Department of Human Resources & Head of the General Office, State-owned Asset Administration Bureau. Subsequently, he held several positions in the Ministry of Finance, including Vice Minister, Assistant Minister, Director General of the Department of Education, Science and Culture, Director General of the Department of Agriculture and Director General of the Department of State-owned Capital Administration. Ding served as Deputy Secretary General of the State Council. Ding is also chairman of China International Capital Corporation, a leading Chinese investme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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