China’s policy banks CDB, Exim Bank receive USD93 bln injection

BEIJING, Aug. 19 (Xinhua) — China Development Bank (CDB) and the Export-Import Bank of China (Exim) has respectively received 48 billion U.S. dollars and 45 billion dollars of capital injection from foreign exchange reserve of the People’s Bank of China, the central bank.
An official from the central bank said the capital injection would further help the two banks improve capital strength as well as their ability of risk resistance and sustainable development, thus play a better role in providing financial supports for key areas as a policy bank.
The plans for reforms of the CDB, the Exim Bank and Agricultural Development Bank of China were approved by China’s top policymakers in December 2014 and March 2015. Enditem


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