Don’t answer blindly if you don’t understand. The China Development Bank and the Central Bank are banks of the same level. They are both at the ministerial level. There is no question of who is superior. However, China Development Bank does not have a settlement account and entrusts it to other banks. Settlement. If you look at the documents of the State Council, it clearly states that they are at the ministerial level

The people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the ministries and commissions of the State Council, and the agencies directly under the State Council:

According to the 14th National Congress of the Communist Party of China, In the spirit of the Third Plenary Session of the CPC Central Committee, in order to more effectively pool funds to ensure key national construction, alleviate the "bottleneck" constraints on economic development, enhance the country's macro-control capabilities for fixed asset investment, and further deepen the reform of the investment and financing system, the State Council decided to establish the National Development Bank.

The China Development Bank is a policy financial institution directly under the leadership of the State Council. It is responsible for the macro-control of the total amount of funds and the allocation of funds structure for key national construction projects arranged for investment by it. The main tasks of the China Development Bank are: to establish long-term and stable sources of funds, to raise and guide social funds for national key construction, to ensure that investment projects do not leave any funding gaps, to control and regulate the total amount and structure of fixed asset investment from the source of funds, In accordance with the principles of the socialist market economy, gradually establish investment restraint and risk liability mechanisms to improve investment efficiency and promote sustained, rapid and healthy development of the national economy.

The "National Development Bank Establishment and Operation Plan" and the "National Development Bank Charter" have been approved by the State Council, and all relevant parties must conscientiously implement them. The specific organization and implementation of the above-mentioned plans and charters shall be the responsibility of the China Development Bank.

Attachment: 1. Establishment and Operation Plan of China Development Bank

2. Charter of China Development Bank

State Council of the People's Republic of China

March 17, 1994

Attachment 1:

National Development Bank Establishment and Operation Plan

(China Development Bank Preparatory Group February 28, 1994)

In accordance with the spirit of the Third Plenary Session of the 14th Central Committee of the Communist Party of China, the State Council decided to establish the National Development Bank to pool necessary funds to ensure national key construction and ease economic development. "Bottleneck" constraints, implement total control over the scale of investment, and strengthen the country's macro-control capabilities for fixed asset investment. The establishment of the National Development Bank is an important part of the reform of the investment and financing system. It must be continuously summarized in the practice process and gradually improved, improved and improved.

1. The nature and tasks of the China Development Bank

The China Development Bank is a policy financial institution (ministerial-level unit) directly under the leadership of the State Council. It invests in key national projects arranged by it. Construction projects bear macro-control responsibilities in terms of the total amount of funds and the allocation of funds structure. The main tasks of the China Development Bank are: to establish long-term and stable sources of funds, to raise and guide social funds for key construction, to handle key policy construction loans and interest discount businesses, to ensure that investment projects do not leave a funding gap, and to invest in fixed assets from the source of funds. Control and adjust the total amount and structure, and gradually establish investment constraints and risk responsibility mechanisms in accordance with the principles of the socialist market economy to improve investment efficiency and promote the sustained, rapid and healthy development of the national economy.

2. Establishment Principles and Organizational Structure

To establish the China Development Bank, we must proceed from my country’s national conditions, learn from successful foreign experiences, and implement the separation of policy business and commercial business; we must establish a scientific and a strict responsibility system for investment and financing decision-making, implementing independent accounting, independent operation, and unified responsibilities and powers; it is responsible for selecting and selecting projects, and is responsible for allocating funds and issuing policy loans, but does not participate in projects. The financial business of the China Development Bank is subject to the guidance and supervision of the People's Bank of China.

The China Development Bank is headquartered in Beijing. With the development of its business, it can set up necessary offices at home and abroad with approval. Regarding fund disbursement business, priority shall be entrusted to the People's Construction Bank of China.

The China Development Bank will set up necessary functional agencies based on the tasks it undertakes. The salaries, benefits and various funds of the staff of the China Development Bank shall be handled in accordance with the relevant regulations of the State Council on state-owned commercial banks.

The relationship between the China Development Bank and the newly established State Development Investment Corporation and the People's Construction Bank of China is:

(1) State Development Investment Corporation. In accordance with the overall requirements of the investment and financing system reform, the six existing national professional investment companies will be merged into the National Development Bank, and a new national development and investment company with capable personnel will be established. The newly established State Development and Investment Corporation is a policy investment company with independent legal person status and is supervised by the China Development Bank. Its business scope mainly includes: undertaking a small number of policy projects that are not suitable for equity participation through state holding companies and central enterprise groups; Major projects that support the development of old, minority, border and poverty-stricken areas; Sino-foreign joint ventures or equity participation projects that were originally operated by six national professional investment companies and are currently difficult to transfer to other units, as well as other projects that are not suitable for equity participation through state holding companies and central enterprise groups.

The State Development and Investment Corporation undertakes the above-mentioned projects and mainly plays a guiding role. The business volume should not be too large (generally no more than 20% of the soft loans of the China Development Bank), and it does not participate in the operation and management of these projects. After the project is completed, in principle, the equity should be transferred to the relevant operating units authorized by the state.

(2) People's Construction Bank of China. After its policy functions were separated, it was transformed into a state-owned commercial bank mainly engaged in medium and long-term credit, and at the same time accepted the specific disbursement business of policy loans entrusted by the China Development Bank. The relevant entrusted business is supervised by the China Development Bank. The proportion of China Construction Bank's annual new deposits used for fixed asset policy investment projects will not be lower than the current level (including the purchase of financial bonds from development banks). The China Development Bank is responsible for coordinating and balancing CCB’s commercial loans for policy projects. The People's Construction Bank of China remains an independent legal person and its name, personnel, finance, level and external relations remain unchanged.

3. Fund sources and financing methods of the China Development Bank

The registered capital of the China Development Bank is 50 billion yuan, which will be gradually allocated in four years. The registered capital is allocated from operating construction funds and operating fund recovery funds allocated year by year by the national finance (including the original "allocation to loan").

The total annual investment scale and fund-raising methods of the China Development Bank are determined by the State Council. Its funding sources and specific financing methods are mainly:

(1) Operating construction funds arranged by the national budget. In order to provide a basic guarantee for national key construction funds, we will strive to double the operating construction funds of the China Development Bank on the current basis within three years.

(2) The principal and interest recovered from the original "appropriation-to-loan" and operating construction fund loans.

(3) Fiscal interest discount funds. The interest discount funds required for loans for capital construction and technological transformation policy projects shall be specially included in the annual budget by the national finance. The interest discount method is negotiated by the State Planning Commission, the State Economic and Trade Commission, the Ministry of Finance, the People's Bank of China and the China Development Bank.

(4) China Development Bank issues financial bonds to financial institutions. The National Development Bank proposes an annual financial bond issuance scale, which is reviewed and approved by the People's Bank of China and the State Planning Commission based on the credit plan and fixed asset investment scale determined by the state. The interest rate and subscription ratio of financial bonds are determined by the People's Bank of China after soliciting the opinions of the State Planning Commission, the State Economic and Trade Commission and the Ministry of Finance, and are also distributed to various financial institutions.

(5) With the approval of the State Council, the China Development Bank may issue a certain number of fiscally guaranteed construction bonds to the public.

(6) Raising funds from abroad. For foreign government loans and long-term preferential loan projects from international financial organizations that require the China Development Bank to allocate a certain amount of domestic funds, the Ministry of Finance, the People's Bank of China, the Ministry of Foreign Trade and Economic Cooperation and other external window units will allocate the corresponding foreign government loans and international financial organization loans based on The original loan conditions will be uniformly transferred to the China Development Bank. According to the national plan for utilizing foreign capital, the China Development Bank can raise international commercial loans. With state approval, the China Development Bank can issue bonds abroad.

(7) According to the provisions of the State Council, the special construction funds and special funds arranged by six national professional investment companies for fixed asset investment projects will be transferred to the China Development Bank for overall arrangement and use. The original scope and content of use and delineated proportions remain unchanged.

(8) The People's Bank of China will uniformly arrange and guarantee the key construction funding sources of the China Development Bank in accordance with the national credit plan. When the China Development Bank encounters a shortfall in its position, the People's Bank of China provides temporary loans.

4. Utilization and investment direction of funds

(1) According to the national development plan, productivity layout and industrial policies, the National Development Bank allocates funds to infrastructure projects approved by the state , policy projects such as large and medium-sized infrastructure and technological transformation of basic industries and pillar industries and their supporting projects. Mainly include: 1. "Bottleneck" projects that restrict economic development; 2. Major projects in pillar industries that are directly related to enhancing comprehensive national strength; 3. Projects involving the application of major high and new technologies in the economic field; 4. Major cross-regional policy projects ; 5. Other policy projects. The specific industries and scope of policy projects undertaken and covered by the China Development Bank shall be jointly agreed upon by the State Planning Commission, the State Economic and Trade Commission, the Ministry of Finance and the China Development Bank in accordance with the above principles and based on the funding capacity.

(2) China Development Bank prepares annual fund source and utilization plans based on the requirements of the national investment plan and the bank’s estimates of various fund sources. The China Development Bank applies for operating construction funds and fiscal interest discount funds from the Ministry of Finance in batches according to the national plan.

(3) Investment scale and loans for policy projects such as infrastructure, basic industries and pillar industries large and medium-sized capital construction, technological transformation and supporting projects determined by the State Planning Commission and the State Economic and Trade Commission Within the total planned amount, China Development Bank is responsible for project fund allocation and review of loan conditions. The use of funds by the China Development Bank shall be based on the operating mechanism of the World Bank. Loans are mainly divided into two parts:

First, soft loans, that is, the use of the registered capital of China Development Bank. On the basis of the overall fund allocation of the project, the National Development Bank will lend the registered capital in the form of long-term preferential loans (according to the Daya Bay Nuclear Power Station's Bank of China loan capital provision model), mainly to state holding companies and central enterprise groups based on the project's share allotment needs. , they will participate in and control the project.

The second is hard loans, that is, the use of funds borrowed by the China Development Bank, including bonds issued at home and abroad and foreign capital utilized.

On the basis of the overall fund allocation of the project, the China Development Bank will directly lend the borrowed funds to the project and recover the principal and interest upon maturity.

The relationship between China Development Bank and state holding companies, central enterprise groups and project units is an economic credit relationship, and their respective rights, responsibilities and benefits are determined by economic contracts. The China Development Bank does not interfere with the property rights disposal and operating activities of enterprises.

(4) In accordance with the division of labor of the State Planning Commission and the State Economic and Trade Commission and the sources of fiscal budget funds for capital construction and technological transformation, in principle, the China Development Bank will still allocate the above funds to capital construction and technological reform projects respectively. .

(5) The loan interest rate of the China Development Bank is determined by the People's Bank of China after soliciting the opinions of the State Planning Commission, the State Economic and Trade Commission, the Ministry of Finance and the China Development Bank.

5. Operational procedures for project arrangements

After policy-based large and medium-sized capital construction and technological transformation projects are approved by the state, the China Development Bank will be responsible for the projects under approval based on the availability of funds. Select and study the preliminary plan for project fund allocation. The State Planning Commission, the State Economic and Trade Commission, and the China Development Bank must consult and cooperate with each other. The operational procedures of project arrangement are:

(1) Project proposal stage. After the State Planning Commission and the State Economic and Trade Commission approve the capital construction and technological transformation project proposals, projects that require funds allocated by the China Development Bank will be sent to the China Development Bank for review of project loan conditions and financial evaluation. The National Development Bank develops work accordingly.

When approving a unified foreign loan project that requires the China Development Bank to bear supporting domestic funds and a project proposal for a single foreign investment project, the State Planning Commission must consult with the China Development Bank before approving it. The development bank participates in relevant project negotiations and other work.

(2) Feasibility study stage. China Development Bank will put forward project selection opinions and preliminary plans for allocating funds based on funding availability and review of project loan conditions and financial assessment and demonstration.

When approving the feasibility study report of capital construction and technological transformation projects, the State Planning Commission and the State Economic and Trade Commission must have the National Development Bank’s opinions on project selection and the corresponding preliminary fund allocation plan.

(3) Design stage. Based on the design and construction preparation of the project, the China Development Bank signs economic contracts with relevant units.

(4) Annual plan. For projects that are funds raised and arranged by the National Development Bank, according to the annual investment scale determined by the state, the National Development Bank will propose the annual capital allocation plan of the project in consultation with the state holding company, central enterprise group and project legal person and then incorporate it into the annual investment plan.

(5) New projects started in the year. The National Development Bank shall arrange project funds in the order of commissioning, closing, continuation and new construction. For projects that meet the conditions for annual new construction, the National Development Bank may allocate funds according to the scale of its loan plan and fund balance, and work with the State Planning Commission , State Economic and Trade Commission negotiated and agreed upon.

(6) Project consulting work. When the State Planning Commission and the State Economic and Trade Commission entrusted China International Engineering Consulting Company to conduct project evaluation, the China Development Bank participated in the relevant work.

6. Management of special construction funds and funds

Relevant departments of the State Council centrally arrange various special construction funds and funds for fixed asset investment projects (mainly including special coal construction funds, Electric power construction fund, special petroleum construction fund, special railway construction fund, port construction fee, highway construction fund, civil aviation infrastructure construction fund, airport construction fee, metallurgical mine development fund, etc.), which are used by departments according to the provisions of the State Council, will still belong to the respective departments. Department arrangements, but must be used for policy projects, and their scale and arrangement are subject to the supervision of the China Development Bank. For policy projects that require funds to be allocated by the China Development Bank, the allocation of funds must be determined by the China Development Bank after reviewing loan conditions and financial assessments in order to coordinate various sources of funds for the project.

7. Approval procedures for local policy projects

Local large and medium-sized infrastructure, basic industry construction and technological transformation projects shall be reported to the State Planning Commission and the State Council in accordance with the procedures prescribed by the state. After approval by the Economic and Trade Commission, if it is necessary to allocate funds from the China Development Bank, the China Development Bank will conduct overall allocation of funds after reviewing the loan conditions and financial assessment.

8. Financial Management and Supervision

(1) China Development Bank implements the financial accounting system prescribed by the Ministry of Finance, and its finances are unified to the Ministry of Finance.

(2) The finance of China Development Bank shall be subject to the audit supervision of departments and accounting firms with audit functions.

9. Establishment of the Board of Supervisors of the China Development Bank

The Board of Supervisors of the China Development Bank consists of representatives from the State Planning Commission, the State Economic and Trade Commission, the Ministry of Finance, the People's Bank of China, the National Audit Office, the Ministry of Foreign Trade and Economic Cooperation and other departments. The composition of the relevant responsible comrades and other personnel designated by the State Council shall be submitted to the State Council for approval. The chairman of the Board of Supervisors is regularly rotated by each member unit for a term of three years. The Board of Supervisors is responsible for supervising the implementation of national principles and policies, the direction of fund use and the operating status of assets of the China Development Bank, and makes recommendations on the appointment and dismissal of the president, but does not interfere with the specific business of the China Development Bank.

10. Business connection and transition measures

After the establishment of the China Development Bank, the implementation and connection of investment plans will in principle operate according to the new method. In order to prevent work from being disconnected and minimize the impact on construction projects, the China Development Bank can take necessary transitional measures during specific implementation.

(1) For policy projects with renewed loans from specialized banks, if the State Planning Commission assigns them to the China Development Bank, their 1994 loan scale will be transferred to the China Development Bank.

(2) Before the project investment is transferred to the China Development Bank, all professional banks should continue to arrange credit funds for the project in accordance with the national plan and current management methods.

(3) The creditor's rights and debts of the loan renewal projects shall be sorted out one by one by the National Development Bank and various professional banks.

(4) New projects started in 1994 shall be approved according to the new management methods.

11. Relevant matters after the withdrawal and merger of the national professional investment companies

After the six national professional investment companies merged into the China Development Bank, the claims and debts formed over the past few years must be composed The specialized clean-up team is working hard to clean up and strive to complete the clean-up work within the year. Claims and debts that can be transferred should be transferred as much as possible; those that cannot be transferred should be transferred to the newly established State Development and Investment Company, and the brand of the original investment company will no longer be retained.

In the past six years, the six national professional investment companies have gathered a group of cadres with certain professional knowledge and rich management experience. Considering the needs of the Development Bank’s own business, it is recommended that the six national professional investment company cadres maintain The salary of the original position will be increased, and the establishment of the China Development Bank will be appropriately expanded, an additional business bureau will be established, and the number of staff in each bureau will be increased to facilitate proper arrangements. Company leaders who enjoy deputy ministerial level treatment will retain their original treatment.