Two Chinese Policy Banks Invest $43 Billion to Support Infrastructure Stimulus

What’s new: Two of China’s policy banks have invested a combined 300 billion yuan ($43 billion) to fund infrastructure construction and other eligible projects as part of an aggressive campaign to stimulate the ailing economy.

The China Development Bank (CDB) — the country’s largest policy lender by assets — announced it had financed 422 projects with a total of 210 billion yuan as of Friday. The Agricultural Development Bank of China (ADBC) said it had financed more than 500 projects to the tune of 90 billion yuan as of Aug. 20.