CHINA-ECONOMY: FIFTEENTH MEETING OF THE CENTRAL FINANCIAL WORK LEADING GROUP

Xinhua reported (Feb 28, 2017) that the Central Financial Work Leading Group held its fifteenth meeting in Beijing on Febrary 28, 2017 which was attended by Li Keqiang, Premier and Deputy Head of the Central Financial Work Leading Group, Liu Yunshan, PBSC member and member of the Central Financial Work Leading Group, and Zhang Gaoli, Vice Premier of the State Council and member of the Central Financial Work Leading Group. The meeting considered the "Report on the Central Financial Work Leading Group in 2017, and the focus of the Party's work since the Eighteenth Party Congress. It also heard the reports of the National Development and Reform Commission, People's Bank, the Ministry of Housing and Urban-Rural Development, Ministry of Industry and Information Technology. Since the 18th Party Congress the Central Financial Work Leading Group has held 14 meetings, study 22 term major issues put forward more than 400 tasks and measures to make the relationship between current and long-term series of major decisionsChairing the meeting, Xi Jinping urged Departments, local governments, state-owned enterprises and financial institutions to understand the requirements of the CCP Central Committee to seize and in dispose "zombie companies." Xi Jinping also stressed the need to strengthen and improve the party's leadership over economic work,resolutely crack down on market chaos and on illegal activities and grasp "the house is used for living, not for speculation". Central Financial Work Leading Group members attended the meeting along with the responsible comrades of central and state departments.







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