Policy bank (政策性银行), or policy lender,[1] refers to non-profit professional financial institutions established by the Chinese government with the goal of implementing the government's economic policies and carrying out financial business in specific fields. This measure separates policy finance from commercial finance and establishes a policy bank to undertake strictly defined policy businesses. Policy banks' sources of funds mainly rely on issuing financial bonds or borrowing from the central bank, and generally do not accept deposits from the public.[2][3]
There are three policy banks in China: the Export–Import Bank of China, the Agricultural Development Bank of China, and the China Development Bank. All the policy banks are under the State Council. The Chinese Communist Party appoints the top-level officials of policy banks.[4]: 82
Each of the two is dedicated to a specific lending purpose. ADBC provides funds for agricultural development projects in rural areas and Exim Bank of China specializes in trade financing, investment and international economic cooperation.[5] The CDB specializes in financing of infrastructure, energy and transportation.
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