As of the end of September this year, the China Development Bank's international operations have covered 118 Belt and Road partner countries, and since the start of the 14th Five-Year Plan, it has issued loans totaling more than 780 billion yuan (462.8 billion ringgit) in support of high-quality Belt and Road cooperation.
According to a China News Service report on the 17th, in October 2023, at the opening ceremony of the 3rd Belt and Road Forum for International Cooperation, China announced that the China Development Bank would establish a financing window of 350 billion yuan (207.7 billion ringgit) to support Belt and Road projects in a market-oriented and commercialized manner.
It is understood that the China Development Bank has established a comprehensive product system. Based on client needs and project characteristics, it offers a diverse range of investment and financing services such as project loans, corporate financing, fund investment, and bond issuance. It has also strengthened the provision of green finance and is committed to meeting the funding needs for Belt and Road projects.
For example, in Vientiane, the capital of Laos, the Yunnan branch of the China Development Bank used the RMB financing window to actively support the construction of the second phase of the Saysettha Comprehensive Development Zone. At present, this is the only national-level overseas economic and trade cooperation zone that China has in Laos, and it has attracted 168 enterprises from China, Japan, Singapore, Thailand, and many other countries and regions, with an annual output value exceeding 3 billion USD (12.7 billion ringgit).
So far this year, under the RMB financing window, the China Development Bank has also established a quota for stabilizing foreign trade, with 39.4 billion yuan (16.66 billion ringgit) already issued as of the end of September. At the same time, it introduced a special policy for re-lending to stabilize foreign trade, providing precise "drip irrigation" support to small and micro foreign trade businesses. By the end of September, 36.46 billion yuan (15.41 billion ringgit) of special re-lending for stabilizing foreign trade had been disbursed, benefiting more than 10,000 (instances of) small and micro foreign trade enterprises. The funds have supported these companies in exporting quality products to various Belt and Road partner countries.
In addition, the China Development Bank has provided overall support for major flagship Belt and Road projects as well as "small and beautiful" livelihood projects. In 33 African countries including South Africa, Kenya, and Egypt, the bank has cumulatively issued special loans totaling 23.39 billion yuan (1.39 billion ringgit) for small and medium-sized African enterprises, directly creating 270,000 local jobs and indirectly benefiting 110,000 farming households.