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China Development Bank
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 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 |
|
| Website | www |
| 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. 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]
- ^ Cite error: The named reference
About China Development Bank 2021was invoked but never defined (see the help page). - ^ CDB History Archived Archived 2005-07-08 at the Wayback Machine
- ^ a b Cite error: The named reference
BloombergMagJune2011was invoked but never defined (see the help page).
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