Minister of Finance (China)

Minister of Finance of
the People's Republic of China
中华人民共和国财政部部长
National Emblem of China
Flag of China
Incumbent
Lan Fo'an
since 24 October 2023
Ministry of Finance
StatusProvincial-Ministerial level official
Member ofState Council
SeatMinistry of Finance Building, Xicheng District, Beijing
NominatorPremier
(chosen within the Chinese Communist Party)
AppointerPresident
with the confirmation of the National People's Congress or its Standing Committee
PrecursorMinister of Finance of the Republic of China
Formation19 October 1949; 75 years ago (1949-10-19)
First holderBo Yibo
DeputyVice Minister of Finance
Websitewww.mof.gov.cn/en/abus/

The minister of finance of the People's Republic of China is the head of the Ministry of Finance of the People's Republic of China and a member of the State Council. Within the State Council, the position is twelfth in order of precedence. The minister is responsible for leading the ministry, presiding over its meetings, and signing important documents related to the ministry.[1] Officially, the minister is nominated by the premier of the State Council, who is then approved by the National People's Congress or its Standing Committee and appointed by the president.[2]

The current minister is Lan Fo'an, who concurrently serves as the Chinese Communist Party Committee Secretary of the ministry.[3]

History

The Ministry of Finance of the Central People's Government was established on 1 October 1949, and Bo Yibo became the first minister on 19 October.[4] The ministry was reorganized to the Ministry of Finance of the PRC in September 1954, and the title of the minister was also changed. On 1 July 1967, during the Cultural Revolution, the Central Committee of the Chinese Communist Party, the State Council and the Central Military Commission decided to implement military rule over the ministry; the Director of the Military Control Commission Yin Chengzhen served as the head of the ministry.[5] The Military Control Commission was replaced with a Revolutionary Committee on 22 June 1970. The ministry was reorganized and restored its ministerial system in January 1975.[6]

List of ministers

No. Portrait Name

(Birth–Death)

Term of office Important offices held during tenure Premier Ref.
Took office Left office Term
Minister of Finance of the Central People's Government
1 Bo Yibo
薄一波
(1908–2007) 		19 October 1949 18 September 1953 3 years, 334 days Member of the Central People's Government
Deputy Director of the Finance and Economics Committee of the Central People's Government
First Secretary of the North China
Central Bureau of the Chinese Communist Party
Director of the National Organization Committee
Director of the Central People's Government's Economy Inspection Committee 		Zhou Enlai [7]
2 Deng Xiaoping
邓小平
(1904–1997) 		18 September 1953 19 June 1954 274 days Secretary-General of the CCP Central Committee
Head of the Organization Department of the CCP Central Committee 		[8]
3 Li Xiannian
李先念
(1909–1992) 		19 June 1954 28 September 1954 101 days Vice Premier of the State Council [9]
Minister of Finance of the People's Republic of China
3 Li Xiannian
李先念
(1909–1992) 		28 September 1954 22 June 1970 15 years, 267 days Vice Premier of the State Council
Director of the State Council Finance and Trade Office
Deputy Head of the Central Finance and Economics Group 		Zhou Enlai [9]
Director of the Military Control Commission (Revolutionary Committee) of the Ministry of Finance
4 Yin Chengzhen
殷承祯
(1915–1990) 		22 June 1970 17 January 1975 4 years, 209 days Zhou Enlai [10]
Hua Guofeng
Minister of Finance of the People's Republic of China
5 Zhang Jingfu
张劲夫
(1914–2015) 		17 January 1975 17 August 1979 4 years, 212 days Secretary of the Party Leadership Group of the Ministry of Finance
Deputy Secretary-General of the Financial and Economic Committee of the State Council 		Hua Guofeng [11]
6 Wu Bo
吴波
(1906–2005) 		17 August 1979 6 August 1980 355 days Secretary of the Party Leadership Group of the Ministry of Finance [12]
7 Wang Bingqian
王丙乾
(born 1925) 		6 August 1980 3 September 1992 12 years, 28 days Secretary of the Party Leadership Group of the Ministry of Finance
State Councillor 		Hua Guofeng
↓
Zhao Ziyang
↓
Li Peng 		[13]
8 Liu Zhongli
刘仲藜
(born 1934) 		4 September 1992 18 March 1998 5 years, 195 days Director of the State Taxation Administration Li Peng [14]
9 Xiang Huaicheng
项怀诚
(born 1939) 		18 March 1998 17 March 2003 4 years, 364 days Zhu Rongji [15]
10 Jin Renqing
金人庆
(1944–2021) 		17 March 2003 30 August 2007 4 years, 166 days Secretary of the Party Leadership Group of the Ministry of Finance Wen Jiabao [16]
11 Xie Xuren
谢旭人
(born 1947) 		30 August 2007 16 March 2013 5 years, 198 days Secretary of the Party Leadership Group of the Ministry of Finance [17]
12 Lou Jiwei
楼继伟
(born 1950) 		16 March 2013 7 November 2016 3 years, 236 days Secretary of the Party Leadership Group of the Ministry of Finance Li Keqiang [18]
13 Xiao Jie
肖捷
(born 1957) 		7 November 2016 19 March 2018 1 year, 132 days Secretary of the Party Leadership Group of the Ministry of Finance
Deputy Secretary-General of the State Council
Secretary of the Party Leadership Group of the State Council
Secretary of the Working Committee of Central and State Organs 		[19]
14 Liu Kun
刘昆
(born 1956) 		19 March 2018 24 October 2023 5 years, 219 days Secretary of the Party Leadership Group of the Ministry of Finance
Member of the Central Commission for Discipline Inspection 		[20]
Li Keqiang
↓
Li Qiang
15 Lan Fo'an
蓝佛安
(born 1962) 		24 October 2023 Incumbent 1 year, 67 days Secretary of the Party Leadership Group of the Ministry of Finance Li Qiang [3]

Timeline

Lan Fo'anLiu KunXiao JieLou JiweiXie XurenJin RenqingXiang HuaichengLiu ZhongliWang BingqianWu BoZhang JingfuYin ChengzhenLi XiannianDeng XiaopingRong ZiheBo Yibo

References

  1. ^ "财政部下发通知印发《财政部工作规则》（全文）" [The Ministry of Finance issued a notice to issue the "Working Rules of the Ministry of Finance" (full text)]. State Council of the People's Republic of China. 23 June 2008. Retrieved 2 August 2024.
  2. ^ "Constitution of the People's Republic of China". National People's Congress. Retrieved 8 August 2022.
  3. ^ a b "China Names Lan Fo'an as Party Chief of Finance Ministry". Bloomberg News. 28 September 2023. Retrieved 28 September 2023.
  4. ^ 高胜明; 段晓飞; 李连海 (29 August 2019). "新中国财政从这里走来" [New China's finances started from here]. cgpnews.cn. Archived from the original on 14 September 2023. Retrieved 2 August 2024.
  5. ^ "1967年大事记" [Major Events in 1967]. General Office of the Ministry of Finance. 20 June 2008. Archived from the original on 14 September 2023. Retrieved 2 August 2024.
  6. ^ "1975年大事记" [Major Events in 1975]. General Office of the Ministry of Finance. 20 June 2008. Archived from the original on 14 September 2023. Retrieved 2 August 2024.
  7. ^ "薄一波" [Bo Yibo]. People's Daily. 21 January 2007. Archived from the original on 14 September 2023. Retrieved 2 August 2024.
  8. ^ Wang, Shuren (2014). "邓小平一生中担任的职务概述" [An overview of the positions held by Deng Xiaoping throughout his life]. Party History Expo (8). 郑州: 24–27. ISSN 1005-1686. Archived from the original on 12 July 2022. Retrieved 2 August 2024 – via Party History and Literature Research Institute.
  9. ^ a b "李先念同志生平" [Comrade Li Xiannian's life]. Jingchu.net. 29 October 2012. Archived from the original on 12 October 2023. Retrieved 2 August 2024.
  10. ^ Mei, Zan (19 March 2021). "从放牛娃到将军 ——记殷承祯将军" [From a cowherd to a general: The record of General Yin Chengzhen]. Jingchu.net. Retrieved 2 August 2024.
  11. ^ "张劲夫同志生平" [Comrade Zhang Jinfu's life]. China Central Television. 6 August 2015. Archived from the original on 16 August 2015. Retrieved 2 August 2024.
  12. ^ 财政部原部长吴波同志逝世 享年99岁. Sohu (in Chinese). 25 February 2005. Retrieved 28 August 2021.
  13. ^ "王丙乾" [Wang Bingqian]. People's Daily. 26 February 2013. Archived from the original on 11 May 2013. Retrieved 2 August 2024.
  14. ^ "国务院经济体制改革办公室主任刘仲藜简历" [Resume of Liu Zhongli, Director of the State Council Economic System Reform Office]. Sohu. 7 July 2004. Archived from the original on 26 January 2021. Retrieved 2 August 2024.
  15. ^ "项怀诚" [Xiang Huaicheng]. wujiangtong. 17 July 2022. Archived from the original on 14 September 2023. Retrieved 2 August 2024.
  16. ^ 财政部原部长金人庆因家中失火去世，77岁. Caixin (in Chinese). 28 August 2021. Retrieved 28 August 2021.
  17. ^ "谢旭人同志简历" [Comrade Xie Xuren's resume]. People's Daily. 25 March 2013. Archived from the original on 24 April 2013. Retrieved 2 August 2024.
  18. ^ "楼继伟简历" [Lou Jiwei's resume]. China Internet Information Center. 1 March 2018. Archived from the original on 11 March 2018. Retrieved 2 August 2024.
  19. ^ "肖捷同志简历" [Xiao Jie's Resume]. State Council of the People's Republic of China. 19 March 2018. Archived from the original on 6 August 2023. Retrieved 2 August 2024.
  20. ^ 新任“大管家” 刘昆将如何管好国家的“钱袋子”？. Economic Daily (in Chinese). 22 March 2018.

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