China Development Bank

China Development Bank
Native name
国家开发银行
IndustryFinance
Founded1994
HeadquartersBeijing, China
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

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

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]

  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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