OREANDA-NEWS. April 03, 2013. Yao Zhongmin, member of the CPPCC National Committee and chairman of the Board of Supervisors of China Development Bank.

The China Development Bank (CDB) has been supporting urbanization building for the longest time and with the most efforts, the best quality, and the best effect. It has become a major bank in supporting urbanization building. In the future, CDB will further strengthen innovation, properly handle comprehensive operations, and be a financial pioneer in the historical mission of pushing forward new urbanization building.

1) Scientific planning. We will step up our efforts to plan cooperation and formulate financing plans for the urbanization development at various localities after taking into account factors such as finance, local fiscal and taxation situation, government debt and market capital supply.

2) Innovation-driven progress. We will learn from international experience, enhance the investment and financing system and mechanism, promote innovation and development in land management, fiscal and taxation system, state capital and financial products.

3) Market operation. We will pay attention to the basic role of the market mechanism and push forward the market's standard operation in accordance with independent, equitable, and market-oriented principles.

4) Resource integration. We will reasonably integrate the policy, fiscal, land, financial and administrative resources according to the law of the configuration of various elements, and fully demonstrate the system advantage in concentrating our strength in making accomplishments.

5) Diversified platform. We will promote the combination of interests motivation and policy guidance, and construct government, market and mixed investment and financing forms so as to meet diversified building needs.

6) Dedicated support. We will follow the principles of low cost, long-term view, sustainability and controlled aggregation, be innovative in products and operating mode, and arrange dedicated loans and bonds to support urbanization.

7) Government guidance. We will strengthen cooperation between the bank and the government, promote the government's role in conducting planning, integrating resources, transforming residents, and enhancing system and mechanism, and offer guidance in the reasonable allocation of public resources in the economic, social, cultural and ecological fields.

8) Trial implementation. China has varying national conditions across different regions and one policy is impossible to cover the entire country. In order to highlight major prominent features, it is necessary to carry out trial implementation. We will launch pilot schemes in qualified cities and towns in conjunction with the national urbanization pilot program to push forward gradual orderly implementation.