精品久久久久久久二区,香蕉久久国产AV,蜜桃av中文日韩

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.

国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频