 Jiang Chaoliang
President |
The year 2009 witnessed extremely severe and complicated economic circumstances both at home
and abroad, and also marked the first year in China Development Bank¡¯s commercialization reform.
With the Outlook of Balanced Development continuing to be its guideline, the bank has achieved new
fruits by getting over difficulties, taking on arduous tasks and striking a balance among operating
performance, risk control and social benefits.
Serving national strategies to facilitate a steady and relatively fast economic expansion. CDB has given
a forceful boost to the recovery of Chinese economy by responding to the financial crisis on its own
initiative and vigorously carrying out the macro-economic control policies. We have continued to put
planning above development and channel capital flows via bond markets, and therefore brought into
play our cutting edges in medium- and long-term investment and financing. Despite the aggravating
economic downturn risks and tightened industrial constraints in capital and scale, CDB has scored a
relatively good operating performance. The year 2009 has seen its RMB-denominated new loans rising
to the record high of 635 billion yuan. By the end of 2009, the Bank¡¯s assets balance amounted to
RMB 4.5 trillion yuan, with a non-performing loan rate of 0.94%. Its net profits surged by 52.9 % year
on year to RMB 31.9 billion yuan.
Honoring global responsibilities and promoting global economic and financial cooperation. CDB has
accelerated its globalization drive and significantly increased its capabilities of undertaking interna-
tional cooperation. By the end of 2009, the bank¡¯s overseas financial services had expanded to 78
countries in five regions around the world, registering US$ 97.4 billion in the balance of foreign
currency loans and owning the largest market share among all domestic peers. The bank has fostered
the sense of being globally responsible, taken it a significant target of its international cooperation to
promote the development of local infrastructure, agriculture and people¡¯s livelihood, and energetically
facilitated projects conducive to local economic expansion and the improvement of people¡¯s living
standards.
Committed to inclusive finance and contributing to the set-up of a financing system equally available to
every one. CDB has enthusiastically explored grass-roots finance with socialized methods and used
wholesale to satisfy the financing demand of individual households. More support has been granted to financing in the spheres concerning agriculture, rural development, fa21rmers, small and medium-sized
enterprises, public housing, education, healthcare, and emergency management. In 2009, CDB has
lent RMB 295 billion yuan in these spheres, trying its utmost to benefit the public.
Facilitating social harmony and the concerted development of finance and society. CDB has stuck to
the principle of "socializing finance and financing society" to best reciprocate and serve the public. It
has staged extensive exchanges and cooperation with all stakeholders to boost social development
hand-in-hand. Staff and client satisfaction both rose by some degrees. A total of RMB 29.95 million
yuan was donated for the public good.
Tackling climate change and promoting resource savings and environmental friendliness. CDB has
wielded its special financial leverages in the combat against climate change by supporting an
all-round improvement in major river valleys, cities and the rural areas, technical upgrading for energy
and resource conservation, as well as green and low-carbon economy. A total of RMB 139 billion
yuan was loaned to these fields last year, up 40.7% from 2008 and in fulfillment of its commitment a
year earlier. CDB continued to reduce its carbon footprints by advancing green office and green
procurement.
Improving corporate governance and perfecting social responsibility management system. We have set
up a basic corporate governance system and put into place a set of primary but scientific and
standardized decision-making procedures. We have accelerated the all-round risk management,
innovated in centralized risk management, intensified audit and warded off financial crimes. We have
held our first news conference on social responsibility report, enhanced social responsibility training
and exchanges, and elevated our bank¡¯s clout in social responsibilities.
Looking toward the year 2010, we will continue to work under the guideline of Balanced Develop-
ment Outlook, solidly advance the commercialization reform, deepen our financial practice, be more
aware of shareholders, society, values and risks, constantly promote the integration of corporate social
responsibility with business strategies and activities, and make new contributions towards the common
development of finance, the economy and the society.
 JIANG CHAOLIANG |
