CDB Awarded the Title of“Bank of the Year Serving the Supply-side Reform”

On December 9, 2016, China Development Bank (CDB) was awarded the title of “Bank of the Year Serving the Supply-side Reform” in the “Gold List of Chinese Financial Institutions (Jinlong Award)” event co-organized by Financial Times and the Financial Research Institute of the Chinese Academy of Social Sciences.

According to the organizers, promoting the supply-side structural reform has become the major task for China’s current and future economic development. Since the beginning of 2016, CDB has made remarkable contributions to facilitating the supply-side structural reform by following the instructions of the CPC Central Committee and China’s national macro-control policies. Specifically, CDB has focused on China’s five major development principles in seeking stable progress, while meeting the general requirements for innovative development and strengthening management and risk management with continuous efforts made to fulfill the five major tasks of cutting excess capacity, destocking, deleveraging, reducing costs and filling gaps.

CDB was also awarded in this event the honor of “Outstanding Institution of the Year for Bond Market” and the "Innovative Institution of the Year for Bond Market” for its excellence in the fields including bonds issuing, securities and financial leasing. As CDB’s subsidiaries, CDB Securities was selected as the “Securities Company of the Year for Social Responsibility” and the "Trading Institutions of the Year in Bond Market”, and CDB Leasing was honored with the “Most Influential Leasing Company of the Year”.

The annual “Gold List of Chinese Financial Institutions (Jinlong Award)” event was launched in 2008, which is regarded as an authoritative and influential event in the industry.