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Policy banks are banks set up by the Chinese government to fulfill economic policies and conduct non-profit businesses. Funding comes from the government or bond offerings, but no retail deposits are used or accepted. Currently, there are two policy banks in China: (1) the Export-Import Bank of China, and (2) the Agricultural Development Bank of China. China Development Bank was a policy bank until 2008, after which the institution became a state-owned commercial bank until 2015, when the bank was reclassified as a Development Financing Institution to support the Belt and Road initiative.
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