Founded in 1994, China Development Bank (CDB) is a policy financial institution under the direct leadership of the State Council of China and was positioned as a development finance institution by the State Council in March 2015. Taking "enhancing national strength and improving people's livelihood" as the mission, CDB is mainly engaged in medium- and long-term lending and investment to support the implementation of major strategies for medium- and long-term development of China's national economy. CDB adheres to reforms and innovation and fully leverages its development financial functions such as serving the national strategies, market-oriented operation and thin margin to strengthen vitality, influence and anti-risk capability, devoting itself to becoming a world class development finance institution. Up to now, CDB owns 37 first-tier branches and 4 second-tier branches in the Chinese mainland, a branch in China's Hong Kong Special Administrative Region, and 10 representative offices outside China in Cairo, Moscow, Rio de Janeiro, Caracas, London, Vientiane, Astana, Minsk, Jakarta and Sydney. The bank also has a number of subsidiaries such as CDB Capital, CDB Securities, CDB Leasing, China-Africa Development Fund and CDB Development Fund.