Signal China Development Bank disburses first tranche of 2026 policy-based financing tool

Summary

State media reported that China Development Bank disbursed the first tranche of China's 2026 policy-based financing tool. The amount was 460 million yuan, about 68.47 million US dollars. The funds are meant to replenish capital for major construction projects backed by private investors. The first tranche covered three projects, namely battery manufacturing, high-end nickel-chromium materials and transport infrastructure. The disbursement was reported as part of an effort to support investment and economic growth amid slower growth in 2026. As a result, the three projects received additional capital support.