On April 12, 2015, the in-depth reform plan of China Development Bank, which is largest development finance institution in the world with a total asset size of RMB 10 trillion, was approved by the State Council. It is an important aspect of the reform plan to reasonably replenish capitals of CDB.

“Development Finance” uses mid-to-long-term investment and financing as a means. As a kind of financial form and financial method, the purpose of building development finance is to ease the bottleneck constraints of social and economic development, to safeguard financial stability of the State, and to enhance economic competitiveness. Indeed, it is a financial form between the policy finance and commercial finance. It is very challenging to the appraisal company undertaking the project, as for how to give a reasonable appraisal price for CDB and how to make shareholders and investors recognize the appraisal results.

The Company undertook the asset appraisal of the project. We established a well-organized project team. The team worked diligently and made a useful exploration in estimating foreign exchange risk exposure, capital needs, and enterprise individual risk and other items in the appraisal model. In less than a month, from May 29 to June 25, the Company issued a professional quality appraisal report. On June 30, it was approved by the MOF. Through this project, CDB highly appraised the expertise and professionalism of the Company.