China Development Bank (CDB) is a development finance institution headquartered in Beijing, China. CDB provides medium- to long-term financing facilities that serve China’s major long-term economic and social development strategies. Founded in 1994, CDB's core products include vendor’s credit, international syndication, forfeiting, and international leasing factoring among others. The bank also engages in money market transactions, foreign exchange transactions and underwriting operations among others. In addition, China Development Bank provides non-securities investment, investment management, advisory services and fund investment and management services.