Posted by MTV News on March 11, 2018 04:16:54The Asian Development Banks (ADBs) have come calling.
The new bank, established in 2020, has been hailed as one of the biggest development banks in the world.
Its founder, the late Dr Y.T. Lee, has long championed the bank’s Asian heritage.
It is now the fourth largest lender in the Asia-Pacific region.
Its Asian Development Board (ADBP) has helped to fund a growing number of Chinese companies.
According to the ADB, its Asian development bank is now helping to fund more than 500 million loans in China.
It has also provided financial assistance to more than 3.5 million small businesses in the country.
Its focus has been on economic development, with the aim of creating more employment opportunities for the country’s poor and marginalised population.
“We are proud to work with the ADBs in the region and the Asian development sector in general,” Dr Lee said in a statement.
“These institutions have helped us to create and sustain a stronger economic environment, which has allowed us to grow our businesses, improve quality of life and contribute to the development of the Asian economies,” he said.
The ADB also launched a new program called the Asian Youth Investment Bank (AYIB) which provides loans to young Chinese in need.
It works on the basis of a partnership with the Chinese Government’s China Youth Investment Fund.
It has given more than 200 million yuan ($2.6 million) to more then 100 local youth projects since it began operations in 2019.
The bank has helped fund projects like the construction of the world’s first skyscraper in Shanghai.
It also supports infrastructure projects in the area.