In 2021, the balance of China Development Bank (CDB) loans for the manufacturing industry hit 958.8 billion yuan, with an increase of more than 100 billion yuan that year, exceeding the average credit growth rate issued by the bank. The medium- and long-term loans for the manufacturing industry accounted for 85%, ranking first in the financial industry, making positive contributions to boosting the independent development of science and technology and improving the core competitiveness of the manufacturing industry.
CDB takes it as an important direction for serving the national strategies to support the development of manufacturing power and science and technology power, focusing on key areas and weak links to provide long-term, stable financial support to manufacturing enterprises with technological strength. First, the bank issued 491.7 billion yuan of loans to support advanced manufacturing and emerging industries, fostering new drivers of development. Second, it provided large medium- and long-term loans to enterprises engaging in key scientific and technological areas to support their technological research and development and industrialization. Third, it provided targeted support to the development of upstream and downstream industrial chains and supply chains, focusing on leading enterprises to help modernize the industrial chains. Fourth, it supported the transformation and upgrading of traditional industries, strictly controlled loans for projects involving high energy consumption and high emissions, and supported the green and low-carbon circular development of the industries such as steel, building materials, non-ferrous metals, and chemicals. Fifth, it supported the development of new infrastructure by granting 67.5 billion yuan of loans, promoting the in-depth integration of industries such as the Internet, big data, and artificial intelligence.
At the same time, CDB will give full play to its advantages in offering comprehensive financial services of “investment, loans, bonds, leasing and securities”, and continue to increase equity investment in the transformation and upgrading of manufacturing industry and scientific and technological innovation by utilizing funds for industrial investment and science and technology innovation. In 2021, its promised investment reached 62.3 billion yuan, with new investment of 45.6 billion yuan.
In order to improve the level of financial services to the manufacturing industry, the bank focuses on the building of “digital CDB” through scientific and technological measures, strengthening IT system to enhance financial services to key clients and enterprises of the upstream and downstream industrial chains. At the same time, it also strengthened the building of the market credit system and strictly controlled financial risks through verification for online market transactions and closed operation of capital flows.
According to an official from the Economic Activity Department II of CDB, during the “14th Five Year Plan” period, the bank will continue to take it as an important direction of serving the national strategies to support the development of manufacturing power and science and technology power, and focus on serving the independent development of science and technology, high-level development of industrial base, and modernization of industrial chains. Acting as the battleship bank providing medium- long-term investment and financing, CDB will give priority to supporting enterprises in scientific and technological R&D and industrialization, developing advanced production facilities, green and smart manufacturing, and technological upgrading, with multiple modes of equity investment and financing for industrial and supply chains, so as to help the manufacturing sector enhance its core competitive edges, and accelerate the development of major industrial projects with financing. At the same time, it will give full play to the leading role of development finance, integrate and guide various financial resources and private capital to lend greater support for innovative development together.
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