State Development Bank statement: We have never signed a strategic cooperation agreement with People's Assets.

date
20/11/2025
The National Development Bank issued a statement stating that recently, the National Development Bank has received reports from the public about an illegal organization claiming to be People's Assets falsely claiming to have signed a strategic agreement with the bank, allowing the bank to issue electronic bank acceptance bills to cash securities funds, and misleading investors by issuing a notice about issuing electronic bank acceptance bills for securities funds. In order to protect the legitimate rights and interests of the general public and the National Development Bank, it is hereby solemnly declared: the National Development Bank has never signed a strategic cooperation agreement with People's Assets, nor has it ever handled electronic bank acceptance bill transactions for People's Assets. The National Development Bank has no relation whatsoever with People's Assets.