China Development Bank: Supporting National Growth and Strategic Initiatives

China Development Bank CDB, established in 1994, is a state-funded and state-owned development finance institution that operates indepently under the direct oversight of the State Council. As an advanced financial services entity, it plays a pivotal role in supporting China's economic growth by channeling resources to key industries and sectors experiencing underdevelopment.

Guided by its strategic mission of national development and improving people's livelihoods, CDB aligns its operations with China's medium- to long-term economic strategies. It focuses on leveraging its expertise as a leading financier for medium-term loans and comprehensive financial services, channelling capital into eight critical areas:

1. Economic Infrastructure: This encompasses infrastructure projects, basic industries, pillar industries, public utilities, and governance sectors.

2. Urbanization Regional Integration: Supporting initiatives that promote urban development, balanced regional growth, and rural integration.

3. Strategic Industries for National Competitiveness: Fosters the modernisation of traditional industries, energy efficiency, environmental protection, and high-tech manufacturing sectors.

4. Public Welfare Initiatives: This includes affordable housing projects, poverty alleviation schemes, student loans, and inclusive finance measures to serve the masses.

5. Key Strategic Areas: Prioritizes initiatives in science and technology development as well as people-to-people cultural exchanges.

6. Belt and Road Initiative BRI: Engages in international industrial capacity cooperation, infrastructure connectivity, energy resource partnerships, Chinese enterprises' global expansion efforts.

7. Support for Development Economic Reforms: Facilitates initiatives that support national reforms and financial modernization policies.

8. Other Priority Sectors: Aligns with China's strategic development goals through innovative programmes and initiatives.

CDB prides itself on pioneering innovation while leveraging its strengths as a development finance institution, closely aligning its actions with national strategies. It operates on market principles, backed by sovereign credit, ensuring principal safety while mntning modest profits. Its strength, influence, and risk resilience continue to grow, positioning CDB as a world-class modern development finance institution that serves as a reliable backbone for China's economic and social advancement.

As of the of 2022, total assets stood at RMB 18.2 trillion yuan. The bank operates through thirty-seven primary branches across mnland China, one secondary branch in Hong Kong, and eleven overseas offices spanning Cro, Moscow, Rio de Janeiro, Caracas, London, Vientiane, Astana, Minsk, Jakarta, Sydney, and Budapest.

CDB boasts a total workforce of over 10,000 employees. Its subsidiaries include CDB Capital, CDB Securities, CDB Leasing, China-Africa Development Fund, CDB Development Fund, and CDB Infrastructure Fund.

Phone: +86-10-68306688

Fax: +86-10-68306699

Address: No. 18 Fuxingmennei Street, Xicheng District, Beijing, People's Republic of China
This article is reproduced from: https://www.cdb.com.cn/English/gykh_512/

Please indicate when reprinting from: https://www.ci56.com/Financing_investment/China_Development_Bank_CDB.html