OREANDA-NEWS. May 08, 2013. China Development Bank’s Work Conference of Q1, 2013 was held in Beijing, at which Chen Yuan, Vice Chairman of Chinese People's Political Consultative Conference (CPPCC) and Senior Leader of China Development Bank made an important speech, Hu Huaibang, Secretary of the CPC Committee of China Development Bank made the work report, and President of China Development Bank Zheng Zhijie made the conference summary.

It is learned that since the beginning of this year, China Development Bank has focused on the new-type urbanization and gave full swing to the development finance and the middle & long-term investment and financing’s strong points and functions, which forcefully supported the government’s work in stabilizing the growth, guarding against inflation, and controlling risks. As a result, China Development Bank achieved a favorable beginning for its whole-year work. By the end of Q1, China Development Bank’s total assets has amounted to RMB 7.55 trillion, and its collection rate of principal and interest hit 98.43%, which had maintained at a high level for 53 consecutive quarters. In addition, its rate of non-performing loan (NPL) was 0.31%, which had fallen below 1% for eight consecutive years.

In Q1 2013, China Development Bank continued optimizing its assets allocation, and promoted sustainable and healthy economic development. For instance, it additionally provided loan of RMB 132.1 billion for coal, electricity, oil, transport, agriculture, forestry, fisheries, communication, and public infrastructure, in order to support construction of a series of state-level key projects. It newly allocated loan of RMB 103.1 billion for Middle and West China, and loan of RMB 20.5 billion for the Northeast Old Industrial Base, as a way to coordinate the regional development. Besides, China Development Bank studied new approaches to support China’s new-type urbanization and launched the pilot work for new-type urbanization in Anhui Province. China Development Bank granted industrial projects the credit line of RMB 126.1 billion so as to boost the industrial upgrade. Moreover, it offered loan of RMB 41.1 billion for China’s environmental protection, energy conservation, and emission reduction, in a bid to support construction of China’s ecological civilization.

As for the support to social security and improvement of people’s livelihood, China Development Bank continued reinforcing its support to financing. Since the start of this year, China Development Bank has granted agricultural loan of RMB 3.6 billion, and offered loan of RMB 23.8 billion for China’s new countryside construction. Also, it granted water conservancy loan of RMB 12.7 billion, representing a year-on-year increase of 74%, which helped expedite construction of China’s major water conservancy projects. In addition to that, it granted loan of RMB 33.3 billion for China’s affordable comfortable housing project, up 23% from the corresponding period a year earlier. To shatter the small & medium-sized enterprises and micro enterprises’ financing difficulties through the Internet of Finance, China Development Bank newly granted SME loan of RMB 81.6 billion. Meanwhile, China Development Bank reinforced construction of the student loan mechanism, and raised its service level to grassroots assistance center and student loan.

In the international business sector, China Development Bank is committed to serving the open-type economy. On the basis of “Mutual Benefit, Win-win” principle, China Development Bank is devoted to enhancing multilateral collaboration and developing international cooperation, in order to serve China enterprises in “Going Global” strategy and has achieved the common development between China and its cooperative partners. In Q1 2013, China Development Bank’s loan balance in foreign currency totaled USD 248.7 billion, marking its loan quality that continues keeping “Excellent”.

According to Hu Huaibang, China Development Bank will continue persisting in the “Serving the Country” strategy, give play to its role of being the major bank in middle & long-term investment and financing, facilitate transformation of China’s economic development mode and development of the real economy, better serve China’s “Five in One” development strategy, promote the synchronous development of the “Four Modernizations”, and make more contributions to China’s well-off society construction.