Development bank in the People's Republic of China (PRC)
China Development Bank
Head office in Beijing
Native name
国家开发银行
Industry
Development finance
Founded
1994
Headquarters
Beijing
Key people
Zhao Huan, Chairman
Products
Banking
Revenue
681,795,000,000 renminbi (2018)
Owner
Government-owned
Number of employees
9,000 (2021)
[1]
Website
www.cdb.com.cn
Simplified Chinese
国家开发银行
Traditional Chinese
國家開發銀行
Transcriptions
Standard Mandarin
Hanyu Pinyin
Guójiā 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]
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^CDB History Archived Archived 2005-07-08 at the Wayback Machine
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