Upon approval by the State Council, Central SAFE Investments Limited signed an agreement with China Development Bank ("CDB") on December 31 in Beijing, confirming it will inject USD 20 billion into CDB from the signing date.

Under wise leadership of the CPC Central Committee and State Council, People's Bank of China works with relevant departments to implement scientific development outlook, profoundly studies and grasps the spirits of National Financial Work Conference and takes pushes to promote reform of CDB based on elaborate and repeated discussions of the reform scheme. This capital injection will significantly improve the capital adequacy ratio of CDB and enhance its risk-resistance capability. As a fundamental measure in the reform of CDB, it will be beneficial to fully carry out commercialized operations and marks a significant step in the reform of CDB.