China Development Bank

China Development Bank (CDB) (Simplified: 国家开发银行) is a financial institution in the People's Republic of China (PRC) under the direct jurisdiction of the State Council. It is one of the three policy banks of the PRC, primarily responsible for raising funding for large infrastructure projects, including most of the funding for the Three Gorges Dam and Shanghai Pudong International Airport. The bank was established by the Policy Banks Law of 1994.

Debts issued by CDB are fully guaranteed by the central government of the People's Republic of China. CDB is one of the biggest issuers of bonds in the PRC.

The bank had RMB 1.2 trillion in loans outstanding as of the end of 2003. During 2003, the bank made a profit of RMB 2.4 billion.

External links

• China Development Bank's Official Homepage