Home >> Government >> Organizations
Shanghai Municipal Finance Bureau
(05.26.2010)

Shanghai Municipal Finance Bureau is established as one of the departments of the municipal government in accordance with the “Notice of the General Office of the CPC Central Committee and the General Office of the State Council on Printing and Distributing ‘Plan on Reform of Organs of Shanghai Municipal People’s Government’” (Ting Zi [2008] No. 17).

Main Functions

1. to implement financial laws, rules, regulations, guidelines and policies; to study to draft local rules, regulations and policies concerning finance and accounting management in light of the municipality’s realities; to organize to draft local taxation rules, regulations, implementing rules and adjustment programs of taxation policies;

2. to draft the municipality’s finance and taxation development strategies, planning and policies and reform plans and organize to carry them out, participate in analyzing and predicting the municipality’s macro financial situations, participate in drafting the municipality’s macro economy policies, and provide information on the implementation of budget to relevant departments; to gradually improve a comprehensive budget managing system incorporating government public budget, state-owned capital operation budget, social security budget and other budgets; to put forward advice concerning using financial and taxation policies to implement macro-control and balance social  finance comprehensively, draft and implement distribution policies between municipal government and district and county governments, and between government and enterprises, and improve financial and taxation policies encouraging the development of public welfare undertakings;

3. to resume the responsibility of managing government revenue and expenditure; to take charge of managing government fiscal funds; to take charge of drafting annual budget and final accounts and organize to carry them out; to report budget and its implementation to municipal people’s congress and report final accounts to the standing committee of municipal people’s congress, as commissioned by municipal government; to organize to work out expenditure standards and quotes, review and approve annual budget and final accounts from departments (units), and appropriate budgeted funds timely and accurately; to improve transferring and paying system ;

4. to work out the collection and managing system of government non-tax revenue, take charge of managing administrative and utility charge according to division of labor, take charge of supervising and managing government non-tax revenue, and take charge of managing financial notes; to manage lottery market, examine and approve lottery issuance and sales plans, and manage lottery funds according to regulations;

5. to work out and organize to carry out treasury managing system and centralized treasury payment system, take charge of appropriating and managing fiscal funds, take charge of auditing total budget accounting, and take charge of managing treasury cash; to take charge of working out the municipality’s government procurement system and supervise and manage it; to take charge of managing the accounting system and bank accounts of administrative units, and take charge of controlling purchasing of official vehicles;

6. to organize to carry out regulations and systems managing state-owned assets in administrative units, manage state-owned assets in administrative units according to regulations and implement unified expenditure standards and spending policies;

7. to participate in drafting polices and reform plans concerning industry policies, infrastructure investment, labor wages, price, economy and trade, specific credit guarantee, foreign exchange, technology, education, housing and social security; to cooperate with relevant departments to manage local fiscal spending on social security, cooperate with relevant departments to work out accounting managing system for social security capital (funds) and supervise and manage special social security accounts at municipal level;

8. to review, consolidate and compile the municipality’s budget and final account draft of state-owned capital, cooperate with relevant departments to work out systems and measures concerning state-owned capital operation budget, collect profits of state-owned capital from municipal enterprises, organize to carry out financial system, and manage asset assessment according to regulations;

9. to handle and supervise the expenditure on economic development, appropriation of government investment project and its use at municipal level; to participate in drafting policies concerning the municipal government’s construction investment, supervise the implementation of basic construction finance system, and take charge of managing relevant policy subsidy and specially reserved funds; to work out the municipality’s managing system of fiscal expenditure performance and implementing measures and organize to carry out performance evaluation; to take charge of managing agricultural development comprehensively;

10. to manage administrative bodies, institutions and social organization’s non-trading foreign exchange within budget; to take charge of the municipality’s intellectual cooperation and loan projects with foreign governments and international financial organizations such as World Bank and the supervise and manage their finance;
 
11. to implement managing system and policies concerning government’s domestic debt, work out and implement managing system and measures concerning local governmental debts, and prevent financial risks; to manage government’s foreign debts in a unified way and implement basic managing system;

12. to take charge of managing accounting work, supervise and regulate accounting conducts, organize to carry out nationally unified accounting system, take charge of examining and approval, supervising and managing the establishment of accounting firms and assets assessment institutions, and supervise how certified public accountants and certified public valuers enforce laws;

13. to supervise and inspect the implementation of financial and tax rules, policies, report major problems arise from revenue and expenditure management and put forward advice of strengthening financial and tat management;

14. to take charge of the acceptance and hearing of relevant administrative reviews and responses to administrative proceedings;

15. to undertake other tasks assigned by the municipal government.