Established in 1994, the China Development Bank is a state-funded and state-owned development finance institution. As an independent legal entity directly overseen by the State Council, it is dedicated to supporting China’s economic development in key industries and under-developed sectors.

With a mission to support national development and deliver a better life for the people, CDB aligns its business focus with China’s major medium- and long-term economic development strategies. Leveraging its strength as a leading bank for medium- and long-term financing and comprehensive financial services, it mobilizes economic resources and channels them towards eight key areas: ( 1 ) Socioeconomic development, such as infrastructure, basic industries, pillar industries, public services and management; ( 2 ) Urbanization, urban-rural integration and balanced regional development; ( 3 ) Programs essential for national competitiveness, including the transformation, upgrading, and restructuring of traditional industries, energy conservation, environmental protection, and advanced equipment manufacturing; ( 4 ) Public welfare, including affordable housing, poverty alleviation, student loans, and inclusive finance; ( 5 ) Areas of strategic importance, including science and technology, and people-to-people exchange; ( 6 ) The Belt and Road Initiative ( BRI ), international cooperation in industrial capacity, equipment manufacturing, infrastructure connectivity, energy and resources, and Chinese enterprises “going global”; ( 7 ) Initiatives in support of development and economic and financial reforms; ( 8 ) Other areas encouraged by national development strategies and policies.

Placing a strong premium on pioneering and innovation and tapping into its strengths as a development finance institution, CDB keeps closely to national development strategies, operates on market principles with the backing of sovereign credit, and ensures principal safety and modest profit. Its vigor, influence and risk resilience has been growing continuously, putting it on track to be a world-class, modern development finance institution and a steady force of support for China’s economic and social development. At the end of 2022, CDB had the total assets of RMB 18.2 trillion.

CDB has 37 primary and 4 secondary branches on the Chinese mainland,one branch in Hong Kong, and 11overseas representative offices in foreign cities including Cairo, Moscow, Rio de Janeiro, Caracas, London, Vientiane, Astana, Minsk, Jakarta, Sydney and Budapest. CDB has more than 10,000 employees in total.Its subsidiaries include CDB Capital, CDB Securities,CDB Leasing, China-Africa Development Fund, CDB Development Fund and CDB Infrastructure Fund.

Overview

As China is open to the outside world, CDB is committed to supporting Chinese companies “going abroad”, guided by the principle of mutual benefit, cooperation and win-win progress. CDB serves China’s “Belt and Road” strategy, and deepens cooperation with foreign governments, enterprises and financial institutions in key industries, ranging from infrastructure, equipment manufacturing, finance, agriculture and energy to projects important for people’s livelihood. CDB promotes major projects and supports Chinese railway and nuclear power enterprises as they go global. CDB contributed to the establishment of the Silk Road Fund, supported the preparation of the Asian Infrastructure Investment Bank, deepened multilateral financial cooperation mechanisms including the Shanghai Cooperation Organization Inter-Bank Association, China-ASEAN Banking Consortium and BRICS Inter-Bank Cooperation Mechanism, and pushed forward the implementation of relevant outcomes; CDB gives full play to the role of transnational investment platforms such as China-Africa Development Fund and the Fund for Development Cooperation between China and Portuguese-speaking Countries. It facilitates RMB internationalization and actively contributes to the development of the offshore RMB market. CDB is committed to a stronger risk management system, ensuring reliable asset quality, and maintaining its status as the largest foreign investment and financing cooperation bank in China for many years. CDB has expanded the overseas correspondent bank network, which now includes 707 banks in 106 countries and regions across the world, thus steadily improving its international services.

Core Products

Foreign currency loans for long-term projects

Foreign currency liquidity loans

Offshore RMB loans

Sovereign loans

Foreign exchange commodities finance

Foreign exchange procurement finance

Buyer’s credit

Vendor’s credit

International syndication

Sub-loans

Single-factor export factoring

Two-factor export factoring

Two-factor import factoring

International leasing factoring

Import bill advance

Outward bill credit

Export bill discount

Forfaiting

Overseas refinancing

Bill purchase