China Development Bank

China Development Bank
Native name
国家开发银行
IndustryDevelopment finance
Founded1994
HeadquartersBeijing
Key people
Zhao Huan, Chairman
ProductsBanking
Revenue681,795,000,000 renminbi (2018) Edit this on Wikidata
OwnerGovernment-owned
Number of employees
  • 9,000 (2021)
[1]
Websitewww.cdb.com.cn Edit this at Wikidata
Simplified Chinese国家开发银行
Traditional Chinese國家開發銀行
Transcriptions
Standard Mandarin
Hanyu PinyinGuójiā Kāifā Yínháng

China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies.[2][3] It has raised funds for numerous large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport.

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. CDB debt is owned by local banks and treated as a risk-free asset under the proposed People's Republic of China capital adequacy rules (i.e. the same treatment as PRC government bonds).[3]

  1. ^ Cite error: The named reference About China Development Bank 2021 was invoked but never defined (see the help page).
  2. ^ CDB History Archived Archived 2005-07-08 at the Wayback Machine
  3. ^ a b Cite error: The named reference BloombergMagJune2011 was invoked but never defined (see the help page).

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