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

CKN
minutes 2021/04/07 09:54:38
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Apr 07, 2021 (China Knowledge) - China Development Bank, one of the country's policy banks, has pledged to increase its financial support for scientific and technological innovation during the 14th Five-Year Plan period (2021-2025).

The bank said that a special loan program for innovation and research worth a total of RMB 300 bln will be arranged for the next five years, adding that loans worth RMB 50 bln 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.

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