亚洲色网视频一区二区,蜜桃AV永久网站

China Development Bank goes commercial

(Xinhua)
Updated: 2008-12-16 16:32

China Development Bank Corp. (CDB) was officially launched in Beijing on Tuesday, as the policy bank transforms itself into a commercial organization.

As one of the three major policy banks, CDB's move was a major step in China's financial reform.

With a registered capital of 300 billion yuan (US$44.12 billion), the new corporation inherited all the assets, liabilities and business of the original bank, which was set up in 1994 to organize financing for infrastructure projects and major industrial development.

Central Huijin injected US$20 million in December 2007 to facilitate the reform of the bank. The reform schedule got approval from the cabinet, the State Council, in February this year.

The Ministry of Finance and Central Huijin are CDB's two shareholders, holding 51.3 percent and 48.7 percent stakes, respectively.

At the end of 2007, CDB had 320 billion yuan of net assets and 2.89 trillion total assets. It had 2.26 trillion yuan in loans, of which less than 1 percent were non-performing.

As a policy bank, CDB used to raise money mainly by issuing state-backed bonds to other financial institutions. But after the bank goes commercial, these bonds will be less attractive as they will no longer have a credit rating equal to government bonds.

This change will make it more difficult and expensive for the bank to raise money, said analysts.

"Our bank is actively contacting investment banks and other general partners and limited partners, in an effort to make further innovations in our marketing and commercial operations," CDB official Xiao Yanzong said.

综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费