China Completes US$119 Billion Policy-Bank Financing Deployment
China’s three policy banks completed the allocation of RMB 800 billion (approximately US$119 billion) in policy-based financing on 28 October, with RMB 365 billion from China Development Bank, RMB 120 billion from the Export-Import Bank of China and RMB 315 billion from the Agricultural Development Bank of China. The programme is designed to strengthen project capital and attract additional bank lending and private investment, creating opportunities for financial advisers, project-finance specialists, lenders and investment managers supporting large-scale Chinese projects.
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