A dozen top Chinese finance executives appointed to new central committee

What’s new: Of the 205 new members of the Communist Party Central Committee elected by the 20th National Party CongressAbout a dozen have backgrounds in China’s financial or tax system, or in macroeconomics and trade, according to information compiled by Caixin based on a list of members published by the official Xinhua news agency.

Chairman of the China Securities Regulatory Commission Yihuiman and Deputy Party Leader of Beijing Municipality, Yin-Yongwho had worked for the central bank and the State Administration of Foreign Exchange, were among the newly elected committee members with experience in the financial regulatory system.

Xiao Jie, a member of the State Council, had served as head of the Ministry of Finance and State Tax Administration.

Some newly elected central committee members, including Han Wenxiuhave worked or are working in government agencies related to macroeconomic policies, such as the National Development and Reform Commission and the Central Financial and Economic Affairs Commission.

Wang Wentao and Wang Shouwen, members of the party committee of the Ministry of Commerce, were also elected to the new central committee of the Communist Party.

The background: The party congress, which lasts twice a decade, concluded on Saturday with a speech by President Xi Jinping. The meeting approved an amendment to the party’s constitution and elected a new Central Committee, which on Sunday will elect the Politburo Standing Committee, the party’s top decision-making body.

Quick Takes are condensed versions of China-related stories for quick news that you can use. To read the full story in Chinese, click here.

Contact reporter Zhang Yukun ([email protected])

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