Off the wire
• Namibia's imports from China surge in Q1 2015  • Indian stocks close at three-month high  • Over 50 pupils injured in road accident in India  • MH17 final report to be published in first half of October: Dutch Safety Board  • Across China: Ramadan in quake-hit region  • China Focus: Reflection over child deaths in hot cars  • News Analysis: Abe forces nation closer to militarization despite mass public railing  • UN, EU officials agree on how to help reach Cyprus solution  • Malaysian experts appreciate Thailand's repatriation of illegal Chinese immigrants  • Roundup: Cyprus not need second bailout program: FinMin  
You are here: 　 Home

More new loans used to support real economy

Xinhua, July 16, 2015 Adjust font size:

China Development Bank (CDB), the country's policy lender, lent over 1.3 trillion yuan (213 billion U.S. dollars) in the first half of this year to support the real economy, the country's banking regulator said on Thursday.

The bank made loans of 420 billion yuan in the first six months to support renovation of rundown housing across the country, more than the total amount last year, according to the China Banking Regulatory Commission (CBRC).

CDB lent 67.8 billion yuan to railway development, and a total of 579 billion yuan had been lent to water projects by the end of June.

The bank has also funded government projects in urbanization and poverty alleviation, part of investment cooperation along the Belt and Road.

Set up in 1994, the CDB has been primarily responsible for raising funds for large infrastructure projects. Endi