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Different banking services are needed for different groups of customers to sustain a health growth of the financial market, according to Mr. Cai, noting that a voluntary shift into a traditional commercial bank will aggravate the homogenization in the Chinese banking sector. As a medium- and long-term loan provider, the Beijing-based bank is engaged in wholesale business tailored to government clients across the country.
China Development Bank will try to work out a development strategy different from those charted by commercial banks in a bid to find its own way to a revolution, said Mr. Cai. The policy lender had had total assets of CNY 4.12 trillion by the end of September 2009, when its non-performing loan ratio had stood at 0.8%.
Source: www.cnstock.com (November 06, 2009)
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