# National Development and Reform Commission

National Development and Reform Commission is a Government / Public Body based in Beijing, China.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** 38 Yuetan South Street, Xicheng District, Beijing, China
- **Founded:** 1952
- **Assets under management:** Undisclosed
- **Website:** en.ndrc.gov.cn
- **LinkedIn:** https://www.linkedin.com/company/national-development-and-reform-commission

## Regulatory record

- **Reports private funds:** No

## About

The National Development and Reform Commission is based in Beijing. It was founded in 1952. The commission focuses on economic planning and reform, offering policy formulation and coordination of major economic operations.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Industrial Tech
- Real Estate

## People

- Zheng Shanjie — Chairman

## Questions

### Who runs investment decisions at the NDRC?

Chairman Zheng Shanjie, appointed in March 2023, holds ultimate authority over the commission's approval and planning functions. The NDRC operates under the direction of the State Council, and its investment decisions are shaped by the Five-Year Plan framework rather than a profit-maximizing mandate. Day-to-day project approvals are delegated across vice chairmen and departmental directors, but the chairman sets the strategic direction.

### Does the NDRC function like a sovereign wealth fund?

No. The NDRC is a macroeconomic planning agency that approves and directs state investment but does not manage a pooled financial portfolio for return-seeking purposes. It oversees strategic physical reserves — oil, grain, gold — and authorizes infrastructure spending, but the capital itself is disbursed through state-owned enterprises, local governments, and special bond issuances rather than an in-house investment team.

### What role does the NDRC play in energy and food security?

The NDRC directly manages China's strategic petroleum reserves, national grain reserves, and other critical commodity stockpiles. These reserves serve as a buffer against supply disruptions and price volatility. The commission also approves and funds energy infrastructure projects, including renewable energy installations and grid modernization, as part of its broader economic planning mandate.

### How does the NDRC engage with international corporations?

The NDRC conducts high-level industrial dialogue with global companies to align foreign investment with Chinese development priorities. Chairman Zheng met Siemens CEO Roland Busch in 2024 to discuss manufacturing and green technology cooperation. The agency also participates in the World Economic Forum's 'Walking Davos' program and the Boao Forum for Asia to signal policy direction to international executives.

### What projects has the NDRC approved recently?

The NDRC's public project pipeline includes the Guangzhou New Airport in Guangdong, the Nanguaping Reservoir in Yunnan, and the Zhanjiang-Haikou Cross-sea Ferry. These projects are funded through mechanisms including the 2025 issuance of ultra-long special treasury bonds, a sovereign debt instrument designed to finance long-duration public infrastructure.

## Related profiles

- [National Credit Union Federation of Korea](https://altss.com/profile/national-credit-union-federation-of-korea)
- [National Development Company](https://altss.com/profile/national-development-company)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/national-development-and-reform-commission

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology