[1] The announcement was made amidst a wide variety of regulatory reforms as government concern about the corporate debt bubble grew in China.

The New York Times opined that the Commission "seemed more a minnow than a whale" as it fell far short of proposals to combine the People's Bank of China (PBOC) with existing regulatory agencies to create a "super-regulator."

[6] It was not until July 2018 that the government announced the full membership of the FSDC, while also indicating that Party Politburo member and Vice Premier Liu He was succeeding Ma as Commission Chair.

This reflected deep worry by national leadership about the economic downturn and a policy shift from managing risk from accumulated debt to expanding availability to credit to avoid bankruptcies and job losses.

[8][9] In March 2023, the Chinese leadership approved a new round of reforms to the Party and state structure that included the dissolution of the FSDC, with the newly established Central Financial Commission (CFC) overseeing it.