What is CDB? CDB is a financial bond issued by China Development Bank to develop financial business. Approved by the State Council, supervised by the People's Bank of China, and issued to individuals and institutional investors.

Therefore, the main issuer of CDB is CDB, namely China Development Bank. CDB was established in 1994, which is a policy financial institution directly under the State Council, China. CDB is the world's largest issuing bank, and also the largest foreign investment and financing cooperative bank, medium and long-term credit bank and bond bank in China.

Characteristics of national debt opening

First, the risk factor is low.

According to the regulations of the State Council and China Banking Regulatory Commission, the risk weight of commercial banks investing in CDB financial bonds is 0%, and securities and insurance institutions investing in CDB bonds shall be handled in the same way.

Standard & Poor's and other professional rating agencies keep CDB's rating consistent with China's sovereign rating.

Second, the variety is complete.

The maturity of bonds issued by CDB ranges from 3 months to 50 years, including fixed interest rate, floating interest rate, bonds with options, bonds linked to financial bonds, and green financial bonds. It is an important innovation leader in China bond market.

Third, trading is active.

In 20 16, the transaction volume of bonds issued by CDB exceeded 30 trillion yuan, and the monthly transaction volume accounted for more than 45% of the total market, with an average turnover rate of more than 4 times and a small bid-ask spread.

CDB has become the most liquid variety in the market due to the flexible issuance mode, reasonable issuance mechanism and the demand of supply contracts.

Fourth, high recognition.

With national credit and first-class market performance, CDB's market benchmark position has been widely recognized, and many issuers have issued credit bonds with CDB as the pricing benchmark.