CDB treading cautiously on business expansion

China Development Bank (CDB) would continue to fund medium and long-term investments for the nation's strategic development agenda without diluting the gains it made over the years from financial reform, said a senior bank official.

"The bank's financial health is our lifeline and we will not imperil it for the sake of rapid business expansion," Liu Yong, director of CDB's business development department, told China Daily in an interview.

The State-run lender for public works projects, together with a slew of Chinese commercial banks, advanced record loans this year to shore up the slowing economy, causing widespread concerns of a bad loan pileup and reversal of the gains from years of financial reform.