CDB to offer RMB 200 bln in loans to Shenzhen
Published: 18 Mar 2009 00:25:19 PSTMar. 18, 2009 (China Knowledge) - China Development Bank (CDB), which was recently converted from a policy lender into a stockholding commercial bank, on Tuesday signed an agreement to lend the Shenzhen municipal government RMB 200 billion over the next three or five years to support its development. The loans will primarily fund independent innovation, industrialization of high-technology, key projects and infrastructure, and will help small and medium-sized firms expand their exports and overseas investment. In recent years, CDB, a strong backer of social and economic development in Shenzhen, has been expanding its financial support to the city. By the end of last year, outstanding loans to the city reached RMB 81.7 billion. Copyright © 2009 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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