In April 2008, the Organization Establishment Committee of Sichuan Province issued the Official Reply on Revocation of Finance and Trade Office of Sichuan Provincial People’s Government and Establishment of Financial Work Office of Sichuan Provincial People’s Government (CBF [2008] No. 13) and the CPC Sichuan Provincial Committee and Sichuan Provincial People’s Government agreed to revoke the Finance and Trade Office of Provincial Government and establish the Financial Work Office of Sichuan Provincial People’s Government. Main responsibilities: implement the guidelines, policies, laws and regulations of the Party and state concerning financial work; formulate the development plan of financial industry of Sichuan Province; urge to implement the work arrangements of the CPC Sichuan Provincial Committee and Sichuan Provincial People’s Government on the financial work; investigate and analyze the macro situation of financial work in Sichuan Province, and put forward policy suggestions; be responsible for the industry management and services of local financial institutions and financial intermediaries; be responsible for the supervision and administration of local state-owned financial assets in accordance with the relevant regulations on the management of state-owned assets; strengthen the management and service of capital market; assist the financial management organizations of the Central Government in Sichuan in the supervision work; maintain the local financial order; be responsible for guiding, reviewing and recommending the listing of enterprises in Sichuan Province, and guiding and promoting assets reorganization and refinancing of listed companies; and undertake other tasks assigned by the Sichuan Provincial People’s Government. It is set with 3 functional divisions, namely Comprehensive Division, Bank and Insurance Division and Capital Market Division. In October 2008, the General Office of Sichuan Provincial People’s Government issued the Notice on Revocation of Finance and Trade Office of Sichuan Provincial People’s Government and Establishment of Financial Work Office of Sichuan Provincial People’s Government (CBH [2008] No. 197) and the Financial Work Office of Provincial Government was established.

The Regulations on Main Responsibilities, Internal Organizations and Staff of the General Office of Sichuan Provincial People’s Government (CBF [2010] No. 73) issued in August 2010 specified that the Financial Work Office of Sichuan Provincial People’s Government shall be set with 4 internal organizations: General Division, Bank and Insurance Division, Capital Market Division, and Local Quasi-fiance Institution Division.

In December 2015, the Organization Establishment Committee of Sichuan Province issued the Official Reply on Adding Internal Organizations and Staff for Financial Work Office of Sichuan Provincial People’s Government (CBF [2015] No. 53), agreeing to add the Financial Stability Division for the Financial Work Office of Sichuan Provincial People’s Government.

In February 2017, according to the Official Reply of the State Commission Office of Public Sectors Reform on the Establishment of Sichuan Provincial Bureau of Financial Work (ZYBBFZ [2016] No. 185) and the approval at the 217th Meeting of the 10th Standing Committee of the CPC Sichuan Provincial Committee on January 6, 2017, Sichuan Provincial People’s Government issued a notice in February 6 to establish Sichuan Provincial Bureau of Financial Work as an organization directly under Sichuan Provincial People’s Government.

Since the establishment and under the correct leadership of the CPC Sichuan Provincial Committee and Sichuan Provincial People's Government, Sichuan Provincial Bureau of Financial Work (former Financial Work Office of Sichuan Provincial People's Government) is brave in practice, pioneering and innovative, vigorously promotes the construction of financial center in Western China, and speeds up the development of the financial industry together with Chengdu Branch of People's Bank of China, Sichuan Bureau of China Banking Regulatory Commission, Sichuan Bureau of China Securities Regulatory Commission, Sichuan Bureau of China Insurance Regulatory Commission, the financial work office system of Sichuan Province, and financial institutes, offering a strong support for the economic and social development of Sichuan Province. In 2016, the added value of the financial industry of Sichuan Province is RMB 259.945 billion yuan, with a YoY increase of 10.6%, accounting for 8% of GDP and the added value ranked seventh in China and contributed 10.0% to the economy of Sichuan Province. The overall strength and competitive power of the financial industry are remarkably enhanced.