Source: CCTV.com

12-02-2008 13:40

State-owned China Development Bank has completed its conversion into a joint stock company, marking another step in the policy lender's transformation along commercial lines.

State-owned China Development Bank has completed its conversion into a joint stock company.
State-owned China Development Bank has completed its conversion
into a joint stock company.

The change comes almost a year after the bank received a 20 billion US dollar capital injection from China Investment Corporation, the country's sovereign wealth fund. China Development Bank is one of three policy banks that lend explicitly in line with the government's economic priorities. Officials hope its reform will culminate in a stock market listing.

 

Editor:Xiong Qu