Founded in 1994, China Development Bank (CDB) is a state-owned development finance institution under the direct administration of the State Council of China. It has long been committed to providing support for the construction and development of infrastructures as well as basic and pillar industries through financing. Focusing on the mission of “enhancing national competitiveness and improving people’s livelihood”, CDB has formed four unique business segments, namely, Infrastructure and Basic/Pillar Industries, Social Financing, Global Cooperation, and Comprehensive Operation. It is currently a backbone bank providing medium and long-term investment and financing services and supporting new urbanization in China, as well as the largest Chinese bank specialized in foreign investment and financing cooperation and the largest development finance institution in the world.
Leading Bank for Infrastructure Financing:CDB provides financing services for not only key national projects such as the Three Gorges Dam Project and the South-to-North Water Diversion Project, but also infrastructure construction in cities of all sizes and even towns to help promote urbanization in China.
Driving Innovation on Social Financing:CDB continues to enhance support for solving problems facing agriculture, villages and farmers as well as for education and poverty relief programs to improve people’s livelihood. It has received the Corporate Social Responsibility Award from people.cn for 10 consecutive years. In 2014, CDB Housing Finance was established to enhance efforts in supporting urban renewal through development finance. As of the end of 2016, CDB had issued a total of over RMB 2 trillion in loans for urban renewal.
Largest Bank Specialized in Foreign Investment and Financing Cooperation:CDB uses market-oriented approaches to carry out global cooperation and engages in the planning and implementation of the Belt and Road Initiative in a vigorous manner, playing a key role in achieving a win-win situation for China and its partners. As of the end of 2016, CDB had launched global cooperation projects in more than 100 countries and regions around the world, and reported USD 277.9 billion in the outstanding foreign currency denominated loans listed in the balance sheet, accounting for 20% of the total outstanding loans denominated in RMB and foreign currencies.
Providing Comprehensive Financial Services:CDB and its subsidiaries have been duly authorized to provide financial services in areas such as investment, loans, bonds, leasing, and securities. In recent years, CDB has been leveraging its advantages in these areas to build a unified brand that provides clients with comprehensive and one-stop financial services.
Largest Development Finance Institution in the World:CDB has maintained excellent business performance for years. As of the end of 2016, CDB reported over RMB 14 trillion in total assets and a non-performing loan ratio controlled below 1% for 47 successive quarters. It has been recognized as the largest development finance institution in the world.