BEIJING, Nov. 5 (Xinhua) -- The China Development Bank (CDB), one of the country's policy banks, has stepped up financial support to facilitate the development of the Yangtze River Delta region, the Xinhua-run Shanghai Securities News reported on Wednesday.
By the end of October this year, the CDB has provided a total of 414.3 billion yuan in financial support to the Yangtze River Delta region.
According to the bank, the figure is an increase of 12 percent from the same period of last year.
It is learned that the funds were channeled to strongly support the construction of the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone and the development of key areas in the Yangtze River Delta's industrial system, infrastructure, and ecological protection, etc.
Founded in 1994, CDB is designed to provide finance to major national projects and development strategies. It has become the world's largest development finance institution, and the largest bank in China specialized in medium and long-term lending and bond issuance.
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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