Industry WIKI

The Central Financial Work Conference, previously known as the National Financial Work Conference, is the highest-level conference in China in regards to financial work. It is held every five years.

The Chinese government initiated a fiscal and taxation system reform in 1992, prepared and promulgated in 1993, and finally implemented in 1994. The reform was a large-scale adjustment of the tax distribution system and tax structure between the central and local governments, which was regarded as a milestone in the transition of China's fiscal system from planned economy to market econo