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July 03, 2015 8:33 AM ET

Banks

Company Overview of China Development Bank Corporation

Company Overview

China Development Bank Corporation offers various banking and financial products and services in the People’s Republic of China. It operates through Banking Operations, Equity Investment, Leasing Operations, and Securities Operations segments. The Banking Operations segment is involved in corporate banking operations consisting of lending, deposits, agency services, consulting and advisory services, cash management, remittance and settlement, custody and guarantee services; and debt issuance operations. This segment also engages in treasury operations comprising money market transactions, foreign exchange transactions, bond market transactions, customer-based interest rate and foreign exchan...

No. 18 Fuxingmennei Street

Xicheng District

Beijing,  100031

China

Founded in 1994

8,723 Employees

Phone:

86 10 6830 6789

Fax:

86 10 6830 6699

Key Executives for China Development Bank Corporation

Vice Chairman and President
Age: 47
Chairman
Age: 60
Head of Finance and Employee Representative Supervisor
Age: 55
Executive Vice President
Age: 60
Chief Audit Officer
Age: 59
Compensation as of Fiscal Year 2015.

China Development Bank Corporation Key Developments

Petroleo Brasileiro S.A. Executes Facility Agreement with China Development Bank Corporation for Cooperation Arrangement

Petroleo Brasileiro S.A., or Petrobras, has executed with China Development Bank Corporation, or CDB, the first facility agreement of a cooperation arrangement to be implemented during 2015 and 2016. The agreement is reportedly being executed in China. This contract represents a USD 3.5 billion facility agreement, to be withdrawn by Petrobras Global Trading BV - PGT, Petrobras' subsidiary. In addition, the parties confirmed the intention of developing new cooperation in the near future. The facility agreement is an important milestone to develop further the strategic partnership between CDB and Petrobras targeting to enhance the synergy between the economies of both countries.

China Development Bank Is Reportedly Planning Two Hong Kong IPOs

China Development Bank Corporation (CDB) is to list two subsidiaries in Hong Kong in deals that could raise more than $2 billion in total, according to three sources with direct knowledge of the plans. CDB is aiming to complete two separate IPOs for its leasing unit and for its brokerage arm by the end of this year, the sources said. Banks have pitched for the transactions, but CDB has yet to select arrangers. CDB Leasing Co., Ltd. is looking to raise $1 billion-$1.5 billion, according to the sources. China Development Bank Securities Co., Ltd. is planning to raise $500 million-$1 billion through a Hong Kong IPO, according to one of the sources.

Cassa Depositi e Prestiti SpA and China Development Bank Corporation Sign Cooperation Agreement

Cassa Depositi e Prestiti SpA and China Development Bank Corporation have signed a cooperation agreement targeting promotion of joint projects worth EUR 3 billion (USD 3.792 billion) in the first five years. Under the contract, the two entities will promote programmes and projects that reinforce cooperation between them. CDP and CDB will jointly explore opportunities in several business areas including infrastructure, direct equity investments and export financing. The agreement was signed by CDP chairman Franco Bassanini and CDB counterpart Hu Huaibang.

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