Based On The Value Chain Analysis Of Developmental Financial Transformation Path Research In China

China’s policy-oriented finance has developed to the stage of development finance. However, along with the gradual improvement of the market economy system and the deepening of the financial system reform, a series of problems policy banks exposed to be solved. In December2008, the China Development Bank (herein referred to as "CDB") is the first to pull the curtain of commercial reform. But the reform of the policy financial institutions is the first time in our country without any experience, therefore, finding the path of development financial institutions in transition has become the issues economic and financial scholars focus on, the expansion strategy of China’s domestic development finance and the specific path mentioned in this paper have the positive theoretical and practical significance in consolidating and developing for the results of the development finance.Taking the economic development theory, commercial banks transition theory, the domestic and foreign research literature as the theoretical basis, combined with the background of China’s development finance, this paper put forward the need to study the transition path of development finance; in the demand point of view of socio-economic development for the development finance, analyzing the function positioning and current demand of the development finance and the CDB’s internal and external value chain with related value chain theory as a basis, and ultimately drawing a conclusion of CDB’s problems in the side of value chain and proposing the transition path of CDB’s value chain based on the synergistic theory.Firstly, the CDB should actively adjust the business field, develop the debt issuance policy scientifically, keep credit growth, achieve the transition of the management, and establish a new relationship of cooperation with the Government. Secondly, the CDB still should improve the capital replenishment mechanism, ensure the diversification of funding sources, and establish the continuity and stability of credit policy. Thirdly, expand the intermediate business, optimize the allocation of resources, give priority to the development of the major projects; at the same time intensify the support of international projects, the introduction of talents and IT construction. Finally, the CDB should also expand the width and depth of business cooperation, deepen the coordination mechanism among Group’s value chain, and reconstruct the strategic approach of the Overseas Development. All in all, the urbanization process is inseparable from the support of the development finance, and the successful transition of development finance has a very positive sense on the process of urbanization.