March 05, 2015 3:42 PM ET


Company Overview of China Development Bank Corporation

Company Overview

China Development Bank Corporation provides banking and financial services in the People’s Republic of China. The company operates in the Banking, Equity Investment, Leasing, and Securities segments. The Banking Operations segment consists of corporate banking operations, including lending, deposits, agency services, consulting and advisory services, cash management services, remittance and settlement services, and custody and guarantee services; debt issuance operations; and treasury operations comprising money market transactions, foreign exchange transactions, bond market transactions, customer-based interest rate and foreign exchange derivative transactions, and asset and liability manag...

No. 18 Fuxingmennei Street

Xicheng District

Beijing,  100031


Founded in 1994

8,468 Employees


86 10 6830 6789


86 10 6830 6699

Key Executives for China Development Bank Corporation

Vice Chairman and President
Age: 56
Age: 59
Head of Finance and Supervisor
Age: 54
Executive Vice President
Age: 59
Chief Audit Officer
Age: 58
Compensation as of Fiscal Year 2014.

China Development Bank Corporation Key Developments

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.

China Development Bank Opens Second Latam Bank in Caracas

The China Development Bank (CDB) opened an office in Venezuelan capital Caracas, the second financial institution it establishes in Latin America after Rio de Janeiro. The opening comes ahead of China's President Xi Jinping scheduled visit to Venezuela, the third of four stops in Latin America, as the two countries are seeking to expand existing relations between the large economy and one of the large producers and exporters of crude oil.

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