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China Development Bank to offer 300 bln yuan in loans for innovation in 2021-2025

Abstract : The China Development Bank, one of the country's policy banks, has pledged to beef up its financial support for scientific and technological innovation during the 14th Five-Year Plan period (2021-2025).

BEIJING, April 7 (Xinhua) — The China Development Bank, one of the
country’s policy banks, has pledged to beef up its financial support for
scientific and technological innovation during the 14th Five-Year Plan
period (2021-2025).

A total of 300 billion yuan (about 45.88 billion U.S. dollars) under a
special loan program for innovation and research will be arranged for
the next five years, the bank said, adding that loans worth 50 billion
yuan will be offered this year.

The special loan program will be mainly used for supporting
fundamental research and original innovation to facilitate the
implementation of strategic projects on science and technology, the bank
noted. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Development Bank to offer 300 bln yuan in loans for innovation in 2021-2025

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