China Development Bank
Updated: 2007-07-13 19:39 China Development Bank,
founded in March 1994, is under the direct jurisdiction of the State Council. At
present it has 32 branches and four representative offices across the country.
Over the past decade CDB has followed conscientiously China' s macroeconomic
policies and carried out its macro-control functions in support of national
economic development and strategic structural readjustment. CDB has been a major
player in long-term financing for key projects and supportive construction in
infrastructure, and basic and pillar industries, which are vital to the
development of the national economy.
As a development-oriented financial institution of the government, CDB has
adhered to the principle of advancing with the times. It combines the bank' s
advantage in financing with that of the government in organizational aspects and
tries to realize the government' s development objectives by nurturing the
market. It supports China' s economic development by building up the
institutional driving power and works hard to realize the dual objectives of
project funding and financial institutionalization.
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