.contact us |.about us
Home BizChina Newsphoto Cartoon LanguageTips Metrolife DragonKids SMS Edu
news... ...
             Focus on... ...
   

Policy bank to issue bonds
( 2002-05-16 10:13 ) (1 )

The China Development Bank (CDB), the country's largest policy bank will likely issue financial bonds to Chinese citizens and domestic institutional investors soon.

The bank is still waiting for approval from the People's Bank of China, the country's central bank.

"(We) hope to get the approval as early as possible," said Chen Yuan, CDB governor, during the 25th annual conference of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

Once approved, the CDB will be the only Chinese bank authorized to issue financial bonds to the public.

Bankers and officials from nearly 30 development financing institutions in over 20 countries and regions in Asia and the Pacific region gathered in Beijing on Wednesday to discuss the strategy of development financial institutions (DFI) in the future.

Isoa Kalumaira, chairman of the ADFIAP said that the DFIs, including the CDB, will continue to play a critical role in promoting economic development in their countries by providing long-term funds for large projects, and they should also take measures to meet market challenges.

"The CDB's public financial bond will be a quasi-government bond, because of the low risks and stable returns. It is a highly safe investment tool," said Gao Xinguo, an official with CDB's Bureau of Funds.

The CDB's non-performance loan (NPL) ratio is now down to 3.58 per cent measured by the five-category assets classification method.

Though the amount of the public financial bond has yet to be decided, Gao said that a good-sized proportion of the bank's 200 billion yuan (US$24 billion) lending power will bring about certain positive effects to stimulate domestic investment.

Some 700 billion yuan (US$84 billion) in private savings still lie in Chinese banks for lack of safe investment channels for individual investors.

The issue of the new bond will also help accelerate the reform of China's financial sector by broadening the profit-making methods of domestic banks.

The CDB is a solely State-owned policy bank established in 1994 to finance China's key projects in infrastructure construction, the pillar industries, and basic industries.

The funds raised by the new bonds will be poured into these key projects, but only some lucrative projects with reliable guarantees will be selected in order to reduce risks, Guo added.

The financial bonds issued by the CDB are currently only limited to financial institutions, including domestic commercial banks, insurance companies and some securities companies.

 
   
 
   

 

         
         
       
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 高清无码一区二区在线观看吞精 | 亚洲国产亚洲综合在线尤物| 第四色最新网站| 国产三级免费电影| 黑人大战亚洲人精品一区| 樱花草在线社区www| 亚洲精品无码乱码成人| 精品一区二区久久| 四虎影院成人在线观看俺也去色官网 | 成人欧美视频在线观看| 久久久最新精品| 日韩在线视频二区| 亚一亚二乱码专区| 欧美一区二区三区视频在线观看 | 鲁大师成人一区二区三区| 国产熟女乱子视频正在播放| 2021精品国产品免费观看| 日日噜噜噜夜夜爽爽狠狠| 九九精品免视看国产成人| 欧美xxxx狂喷水| 亚洲午夜久久久精品影院| 欧美最猛黑人xxxx黑人猛交98 | 精品久久久久香蕉网| 四虎精品成人免费永久| 西西人体44rtwww高清大但| 国产国产精品人在线观看| 黄大片a级免色| 国产成人精品免费视频动漫| japanese日本熟妇多毛| 性做久久久久久免费观看| 中文字幕亚洲一区二区va在线 | 影音先锋在线免费观看| 中文无码热在线视频| 日批视频在线免费看| 久久亚洲精品无码aⅴ大香| 日韩在线视频线视频免费网站| 亚洲av无码兔费综合| 欧美e片成人在线播放乱妇| 免费看少妇作爱视频| 精品精品国产欧美在线观看| 四虎成人免费网址在线|