Policy banks of China (), policy lenders
or institutional banks refer to two Chinese banks set up by
State Council of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...
in 1994, namely
The Export–Import Bank of China (Exim) and the
Agricultural Development Bank of China (ADBC). The two banks aim at implementing economic policies of the government and conducting non-profit businesses in particular sectors.
China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it ...
(CDB) used to be one of such banks before its shift to a corporation in 2008.
Each of the two is dedicated to a specific lending purpose.
ADBC provides funds for agricultural development projects in rural areas and
Exim Bank of China
The Export–Import Bank of China (Chexim - China Exim Bank) () is one of two institutional banks in China chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and provi ...
specializes in trade financing, investment and international economic cooperation.
The former member
CDB specializes in financing of infrastructure, energy and transportation.
Other non-bank financial institutions are referred to as policy entities.
Sinosure
China Export & Credit Insurance Corporation ( zh, s=中国出口信用保险公司, t=中國出口信用保險公司, p=Zhōngguó Chūkǒu Xìnyòng Bǎoxiǎn Gōngsī , commonly known as Sinosure (中国信保, Zhōngguó Xìnbǎo)) is a major C ...
is described as "China's only policy-oriented insurance company" and offers insurance products for Chinese exporters.
plays a quasi-policy role in Chinese capital markets.
See also
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Banking in China
China's banking sector had () in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, ...
References
Banking in China
{{PRChina-stub