China Development Bank

China Development Bank (CDB) is a policy bank of China under the State Council. It is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established in 1994, the bank is described as the engine that powers the national government's economic development policies.

China Development Bank

China Development Bank headquarters
Native name	国家开发银行
Industry	Finance
Founded	1994
Headquarters	Beijing, China
Key people	Zhao Huan, Chairman
Products	Banking
Revenue	681,795,000,000 renminbi (2018)
Owner	Government-owned
Number of employees	9,000 (2021)
Website	www.cdb.com.cn

Simplified Chinese

国家开发银行

Traditional Chinese

國家開發銀行

Transcriptions
Standard Mandarin
Hanyu Pinyin	Guójiā Kāifā Yínháng

Politics of China


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Debts issued by the China Development Bank are owned by local banks and treated as risk-free assets under the proposed People's Republic of China capital adequacy rules (i.e. the same treatment as PRC government bonds). 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.

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