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China Development Bank

Development bank in the People's Republic of China (PRC) / From Wikipedia, the free encyclopedia

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China Development Bank (CDB; 国家开发银行) is a development bank in the People's Republic of China, led by a governor-level cabinet minister, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.[2][3]

Quick facts: Industry, Founded, Headquarters, Key people, ...
China Development Bank
HeadquartersBeijing, China
Key people
Zhao Huan, Chairman
Revenue681,795,000,000 renminbi (2018) Edit this on Wikidata
Number of employees
  • 9,000 (2021)
Quick facts: Simplified Chinese, Traditional Chinese,...
Simplified Chinese国家开发银行
Traditional Chinese國家開發銀行

Debts issued by the China Development Bank are owned by local banks and treated as risk-free assets under the proposed People's Republic of China capital adequacy rules (i.e. the same treatment as PRC government bonds). The bank is the second-largest bond issuer in China after the Ministry of Finance. In 2009, it accounted for about a quarter of the country's yuan bonds and is the biggest foreign-currency lender.[3]

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