Is China Development Bank a central enterprise or a state-owned enterprise?
Central enterprises. China Development Bank is a policy bank directly under the State Council. Established in 1994, China Development Bank is a policy bank directly under the State Council. In February 2008, it was reorganized into China Development Bank Corporation. From 2065438 to March 2005, the State Council clearly defined CDB as a development financial institution. The registered capital of CDB is 4.2124.8 million yuan, and the shareholders are People's Republic of China (PRC) Ministry of Finance, central huijin Investment Co., Ltd., Wutongshu Investment Platform Co., Ltd. and National Social Security Fund Council, with the shareholding ratios of 36.54%, 34.68%, 27. 19% and159% respectively. CDB mainly serves the medium and long-term development strategy of the national economy by developing medium and long-term credit and investment services. By the end of 20 15, the asset scale was 12.3 trillion yuan, and the non-performing loan ratio was lower than 1% for 43 consecutive quarters, maintaining the first-class performance in the market. Professional rating agencies such as Moody's and Standard & Poor's have kept the sovereign ratings of CDB and China consistent for many years. CDB is the largest development financial institution in the world, and also the largest foreign investment and financing cooperative bank, medium and long-term credit bank and bond bank in China. 20 15 years, ranked 87th among Fortune Global 500 enterprises.