CHENGDU, Dec. 12 (NBD) --  Industrial Bank's Debt Financing Instruments of Non-financial Enterprises totalled 400 billion Chinese yuan (about 57.97 billion US dollars) so far, ranking the first place among China's joint-stock commercial banks, according to IB.

Within the achievement, the bank is expected to save more than 7 billion yuan (about 1.01 billion US dollars) financial costs for companies in one year.

Lin Shu, the vice-president of IB's corporate finance department, said that Debt Financing Instruments are directly linked to corporations and investors, which efficiently shorten the financial chain and cut down corporation’s financial cost.