The Bank continues to mainly raise funds through the issuance of debt securities denominated in both RMB and foreign currencies. Currently, the outstanding debt securities of the Bank represent 28.9% of the total outstanding debt securities in the inter-bank securities market (excluding central bank bills and special T-bonds). In 2007, the Bank managed to issue RMB denominated debt securities amounting to RMB 685.07 billion, and to issue foreign currency denominated securities amounting to USD 12.9 billion. The combination of the domestic and international funding has provided sufficient funding for the Bank's business development.

In the RMB debt markets, CDB has maintained its position as one of the three largest issuers and continues with a reputation built up over a number of years as the issuer with the most innovative types of funding in China's securities market. The market-oriented issuing mechanisms and diversified product innovations have made the Bank a major contributor in the development of a maturing Chinese securities market.

In 2007, the Bank undertook the first issuance in the inter-bank debt market of a RMB 10.0 billion, 5-year floating rate bond with SHIBOR as the benchmark rate. This innovative activity had remarkable significance in driving forward the development of the domestic securities market, currency markets, and speeding up the process of developments in the interest rate markets. The Bank successfully undertook an initial public offering of RMB 5.0 billion worth of RMB-denominated paper in the Hong Kong market. With this issue, the Bank became the first domestic financial institution to issue RMB denominated paper in that market, and also represented the first time that individual investors could access its bonds.