China Development Bank increased medium- and long-term financing support for science and tech enterprises, issuing 40.6bn yuan in loans from Jan-Apr.
China Development Bank (CDB) has increased medium- and long-term financing support for science and technology enterprises. From Jan-Apr, the bank issued 40.6bn yuan (5.7bn USD) in science and tech loans, with 16.5bn yuan allocated to fields such as integrated circuits, industrial automation, and biomedicine. Since 2021, the CDB has issued over 277bn yuan for scientific innovation, infrastructure development, and key technology R&D.
May 25, 2024
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