Caixin
Jul 04, 2022 09:06 PM
ECONOMY

Exclusive: China’s Largest Policy Bank to Fund Most of $45 Billion Infrastructure Stimulus

The headquarters of the People’s Bank of China on May 12. Photo: IC Photo
The headquarters of the People’s Bank of China on May 12. Photo: IC Photo

The China Development Bank (CDB), the country’s largest policy lender by assets, will fund the majority of Beijing’s latest 300 billion yuan ($45 billion) infrastructure stimulus, sources with knowledge of the matter told Caixin.

The CDB and the Agricultural Development Bank of China (ADBC), the second-largest policy lender, will raise 210 billion yuan and 90 billion yuan, respectively, before the end of next year, the sources said.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: New ‘Langya’ Virus Detected in China
00:00
00:00/00:00