China Development Bank
Updated on November 2017
Updated on November 2017
CDB has six subsidiaries, distributed throughout the national territory:
1. CDB Development Fund was created in August 2015 with a social capital of US$ 7 billion and the main objective of supporting the construction of projects in key-sectors for economic development recognized by the state. The investment is conducted via capital investments, loans to shareholders and investment and financing to company funds. This subsidiary represents the greatest innovation
of the reform of Chinese financial market and investments.
2. CDB Capital Co., was created in 2009, with a focus on urban development, industrial investment, foreign investment and funds management. In 2015, its social capital surpassed US$ 15 billion. It is the only investment institution licensed for investing in RMB in the Chinese banking system, and is defined as one of CDB’s platforms to serve
national strategies.
3. CDB Leasing Co., was created in 2008, with a social capital of US$ 1.25 billion. It operates with leasing in the fields of aviation, naval construction, transport, commercial vehicles, engineering equipment, basic infrastructure industry, social housing and small and medium-sized enterprises. In 2015, it registered a social capital of over US$ 21 billion.
4. China-Africa Development Fund, was created in 2007, for investment operations and consultancy for Chinese companies in Africa.
5. Village Bank operations are concentrated in the rural economy of China. In 2015, the bank invested directly in 13 village banks as subsidiaries.
6. CDB Securities Co., was created in 2010, and its activities include: Mergers and acquisitions, subscription of securities, brokerage businesses and asset management. In 2015, its total assets reached over US$ 6 billion.
Source: The author, based on The Export-Import Bank of China Annual Report For 2016
Source: The author, based on The Export-Import Bank of China Annual Report For 201
Source: ADBC Annual Report, 2013 and 2015
Source: The author’s based on DBSA Annual Report (2016)