China's State Development Bank (SDB), which supports investment in building infrastructure, is to expand its banking services to state-owned enterprises (SOEs).

SDB Governor Chen Yuan said that his bank has been improving fund-raising systems to ensure funding demands for key projects.

The SDB will continue to adjust loan structures and increase investment into infrastructure and basic industry projects. In addition, the bank plans to develop more services and provide banking services for local economic growth.

By September, the bank had issued 69.7 billion yuan of loans, most of which went to projects in key industries including electricity, highways, railways, urban development, oil and petrochemicals.

The bank also raised 91.2 billion yuan of funds, including 500 million U.S. dollars of bonds on the world capital market.