Bank aids Hainan FTP construction

BEIJING - China Development Bank (CDB), one of the country's policy banks, has issued over 90 billion yuan ($13.12 billion) of loans in support of the construction of Hainan free trade port (FTP) in the past five years.

The loans mainly went toward infrastructure, construction of modern industrial systems, and low-carbon industries, said the CDB.

The CDB has issued a guideline this year to support the Hainan FTP, pledging to provide comprehensive financial services and support the development of key industries.

It said that key industries include high-tech, tropical high-efficiency agriculture, tourism, and modern services.

Founded in 1994, the CDB is designed to provide finance to major national projects and development strategies.