From the perspective of international experiences, we can see that starting in 1990s, policy banks in various countries embarked on the journey of business transformation. Generally, these policy banks have transformed themselves into universal development financial institutions. Successful examples include the Korea Development Bank and the German Development Bank (KFW).
In line with the inherent requirements of the market economy, policy banks in China shall be transformed into development financial institutions with financial viability and strong competitiveness which mainly engage in providing development financing for the medium and long-term projects while continuing to provide policy financial services subject to the fiscal situation of the state.