Main hall level. According to the official website of the People's Government of China, the China Development Bank is at the department level. Founded in 1994, China Development Bank is a policy bank under the leadership of the State Council and a central financial enterprise. The bank mainly serves the national economy's major medium- and long-term development strategies through medium- and long-term credit and investment. Its subsidiaries include China Development Bank Financial, China-Africa Fund, China Development Bank Development Fund. As a development financial institution, it is the responsibility of China Development Bank to enhance comprehensive national strength.