Discover

(Redirected from Ministry of Finance People\'s Republic of China)
'Ministry of Finance of the People's Republic of China' (Chinese: 财政部 Pinyin: Cái Zhèng Bù) is the national executive agency of the Central People's Government which administers macroeconomic policies and the national annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state.
The ministry also records and publish annual macroeconomic data on China's economy. This include information such as previous economic growth rates in China, central government debt and borrowing and many other indicators regarding the Chinese economy.
The Ministry of Finance does not deal with regulation of the financial markets or interest rates. The responsibility of monetary policy is with governed by the People's Bank of China which is China's central bank.

Contents

Purpose

Organization Structure

Management

References

External links

Purpose

The main functions of the Ministry of Finance is to carry out the following duties of the state^[1]

Number	Main Function	Description
1.	Economic and public finance policies	Formulating and implementing strategies, policies and guidelines for economic development, public finance for government revenue sharing between the central and provincial governments.
2.	Administration of public finance and external debt	Draft laws and regulations on public finance, financial, accounting management, external finance and debts.
3.	Annual budget for Central People's Government	Preparing the annual budget of the central government, priority spending, balancing the budget
4.	Revenue and Tax legislation reforms	Proposing tax legislation plans - reviewing proposals on tax legislation and tax revenue regulations.
5.	Central People's Government expendituree	Administering the central expenditures - procurement, expenses
6.	Government Revenue distribution	Formulating and implementing the policy of distribution between the state and government owned enterprises
7.	Economic Development Expenditure	Administering the central government expenditures for economic development, the appropriation for central government financed projects, and funds for technological innovation
8.	Social Security Expenditure	Managing the social security expenditures from the central government; formulating the accounting management rules on social security funds; monitoring the utilization of the social security funds.
9.	Domestic government debts	Formulating and implementing policies, rules and regulations on managing government’s domestic debts; treasury bond issuance; formulating policies, rules and regulations on managing government’s external debts
10.	Accounting Regulations	Formulating and implementing accounting regulations - for government and private corporations and promoting accountability and transparency.
11.	Fiscal and Tax Policies	Monitoring the implementation of fiscal and tax policies - laws and regulations, examining problems with the system and making changes.
12.	Fiscal research and education	Research into fiscal policy and education resources to the wider community.
13.	Other Duties as Directed	Undertaking other assignments of the State Council.

Organization Structure

Organizational structure obtained from the Ministry of Finance website.^[1]

★ General Office

★ Policy & Programme Department

★ Legal Department

★ Tax Policy Department

★ Tariff Policy Department

★ Budget Department

★ Treasury Department

★ National Defense Department

★ Administrative & Law Enforcement Department

★ Education,Science & Culture Department

★ Economic Construction Department

★ Agriculture Department

★ Social Security Department

★ State Equity & Corporate Finance Department

★ Finance Department

★ International Department

★ Accounting Regulatory Department

★ Supervision Department

★ State Rural Development Office

★ Personnel & Education Department

Management

Position	Name of Person
'Minister'	Jin Renqing
Vice Minister	Zhu Zhigang
General Inspector	He Bangjing
Vice Minister	Liao Xiaojun
Vice Minister	Li Yong
Vice Minister	Wang Jun
Vice Minister	Zhang Shaochun
Vice Minister	Zhang Hongli
Assistant Minister	Liu Hongwei
Assistant Minister	Ding Xuedong
Assistant Minister	Zhu Guangyao
Assistant Minister	Zhang Tong

References

1. http://www.mof.gov.cn/english/english.htm#
2. http://www.mof.gov.cn/english/english.htm#

External links

★ Official website (in Chinese)

★ Official website (in English)