BIZCHINA / Finance |
China Development Bank(www.cdb.com.cn)Updated: 2007-07-13 19:39 China Development Bank, founded in March 1994, is under the direct jurisdiction of the State Council. At present it has 32 branches and four representative offices across the country. Over the past decade CDB has followed conscientiously China' s macroeconomic policies and carried out its macro-control functions in support of national economic development and strategic structural readjustment. CDB has been a major player in long-term financing for key projects and supportive construction in infrastructure, and basic and pillar industries, which are vital to the development of the national economy. As a development-oriented financial institution of the government, CDB has adhered to the principle of advancing with the times. It combines the bank' s advantage in financing with that of the government in organizational aspects and tries to realize the government' s development objectives by nurturing the market. It supports China' s economic development by building up the institutional driving power and works hard to realize the dual objectives of project funding and financial institutionalization. (For more biz stories, please visit Industry Updates) |
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