national infrastructure, basic industries, pillar industries and strategic emerging industries, and national key projects. For example, highways, railways, urban rail transit, construction of small towns, expansion of large airports, merger and reorganization of coal mining enterprises, and new energy power generation.
The business scope of China Development Bank is: to manage and use the budgetary operating construction funds and discount funds allocated by the state, and issue financial bonds to domestic financial institutions and financial guarantee construction bonds to the society; Handle loans and reloans from relevant foreign governments and international financial organizations, issue bonds abroad with the approval of the state, and borrow international commercial loans according to the national plan for utilizing foreign capital.
granting policy loans to large and medium-sized capital construction and technological transformation of national infrastructure, basic industries and pillar industries and their supporting projects; Handle the loan condition evaluation, consultation and guarantee of construction projects, find domestic and foreign joint venture partners for key construction projects, and provide investment opportunities and information; Other approved businesses.
The business scope of China Agricultural Development Bank is: handling the national special reserve loans for major agricultural and sideline products such as grain, cotton, oilseeds, pork and sugar, purchasing loans for agricultural and sideline products such as grain, cotton, oil and meat, and grain and oil sales and wholesale loans.
handle loans for enterprises undertaking the policy processing tasks of national grain, oil and other products, loans for cotton primary processing enterprises in cotton and linen system, loans for poverty alleviation and discount interest determined by the State Council, loans for economic development in poor areas, loans for industrial development in poor counties and counties, loans for comprehensive agricultural development and other agricultural loans with financial discount interest, and loans for small-scale agricultural, forestry, animal husbandry and water conservancy capital construction and technological transformation determined by the state.
handle the agency allocation of financial funds for supporting agriculture by the central and provincial governments, open special accounts for grain risk funds set up by governments at all levels, issue financial bonds, handle the deposits of enterprises and institutions with accounts within their business scope, handle the settlement of enterprises and institutions with accounts, raise funds overseas, and handle other businesses approved by the People's Bank of the State Council and China.
supplement and improve the market financing mechanism. The financing targets of policy banks are generally limited to those banks or projects that are needed by social development and commercial financial institutions are unwilling to provide funds, so they can supplement the defects of commercial financing and improve the functions of the financial system.
induce and contain the flow of commercial funds. Policy banks indicate the orientation and support focus of national economic policies to commercial financial institutions through their own pre-investment behavior, thus eliminating the doubts of commercial financial institutions and promoting the participation of commercial funds;
Policy banks can partially make up for the lack of low and unguaranteed investment profits by providing low-interest or discount loans, thus attracting the participation of commercial funds; Policy banks can open the bottleneck of economic development or open up new markets by investing in basic industries or emerging industries, and promote the follow-up of commercial funds.
provide professional financial services. Policy banks generally provide financial services for specific industries or fields. They are highly professional, have accumulated rich practical experience and professional skills, and have gathered a large number of skilled technicians to provide professional financial services for these fields.
The main purpose of setting up China Development Bank is, on the one hand, to finance key national construction and ensure the smooth progress of key national construction related to the overall national economy and social development; On the other hand, the decentralized state investment funds were centralized, and an investment loan review system was established, giving the development bank certain decision-making power on investment loans and requiring it to bear corresponding responsibilities and risks, so as to prevent blind investment and redundant construction.