Soft loan means that China Development Bank, as a policy bank, can make loans through the financing platform of the government or state-owned companies, and its loans are allowed to be used for capital or equity investment in key construction projects determined by the state, which is the biggest difference between soft loans and hard loans of commercial banks. Low interest and long repayment period.

Hard loans are loans issued by China Development Bank with borrowed funds (including issuing bonds abroad and utilizing foreign capital), including capital construction loans and technical transformation loans.