Xi Tightens Communist Party Grip Over China in Major Overhaul
Key changes include:
- Setting up a central financial committee to enhance the party’s centralized oversight over financial work; new body to absorb the financial stability and development committee under the State Council
- Reviving the disbanded Central Financial Work Commission to guide party building in the finance sector
- Establishing a central technology commission to enhance the party’s oversight of technological development. The science & technology ministry will serve as its administrative underling
- Forming a central social work office to handle petitions
- Establishing a central office overseeing Hong Kong and Macau matters that report directly to the Communist Party rather than the government