China Development Bank

China Development Bank

The China Development Bank (CDB) is a financial institution in the People's Republic of China (PRC) led by a cabinet minister level Governor, under the direct jurisdiction of the State Council.

As one of three policy banks of the PRC, it is primarily responsible for raising funding for large infrastructure projects, including most of the funding for the Three Gorges Dam and Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.

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Part of Speech: proper noun
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Blossary: Banks In China
Industry/Domain: Banking
Category: General banking
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