In the first 10 months of this year, China Development Bank issued more than 480 billion yuan in manufacturing loans.

The China Development Bank (CDB) has learned that since the beginning of this year, CDB has comprehensively utilized diversified financial products to provide manufacturing enterprises with full-cycle investment and financing support covering technology research and development, production capacity construction, and day-to-day operations. From January to October, a total of more than 480 billion yuan in manufacturing loans was disbursed, mainly supporting the transformation and upgrading of traditional industries, the cultivation and growth of emerging industries, and forward-looking layout in future industries, effectively boosting the high-quality development of manufacturing. The head of CDB's Industry and Science and Technology Innovation Business Department stated that next, CDB will anchor itself to the direction of intelligentization, greening, and integration, strengthen its functional positioning, optimize comprehensive financial services, focus on key areas and weak links, serve major national strategies, advance key special initiatives and major projects, continuously increase investment and financing support for manufacturing, serve the acceleration of building a modern industrial system with advanced manufacturing as its backbone, and contribute to advancing Chinese-style modernization.