China Development Bank

China Loses a Friend in Venezuela

Ministry of Foreign Affairs spokeswoman Hua Chunying expressed condolences on Wednesday for the death of Venezuelan leader Hugo Chavez. From Xinhua, which set up a special feature page on the president’s passing:...

SF Projects Get China Loan, With String Attached

One of America’s largest property developers has secured $1.7 billion of financing from a Chinese bank to build two San Francisco housing projects, but on the condition that a Chinese state-owned construction company have...

Chinese Bank Emerges From the Shadows

Asia Sentinel looks at reforms at the China Development Bank: Approval should come soon for the 14-year-old bank to list on the stock market in the first half of this year, and it should quickly become both a major lender to the...

China Development Bank Gets $20 Billion State Funding – Chen Aizhu

From Reuters: China on Monday announced a $20 billion capital injection into China Development Bank, one of the country’s three policy lenders, as part of a long-planned transformation of the state-owned company into a commercial bank. The move is likely to result in a multi-billion dollar stock market listing of the bank, aimed at raising […]

Chinese Bank Denies Backing Rio Purchase – Business Report

From Business Report: State policy lender China Development Bank on Wednesday denied reports that it is involved in the purchase of a stake in mining company Rio Tinto . “There’s no matter like this,” Yang Hua, a spokeswoman at the Chinese policy bank said. The German daily newspaper Handelsblatt wrote in an advance copy of […]

China’s Unique Cash Pool for Building Africa – Zhang Yuzhe

From Caijing.com.cn: China’s recent US$ 3 billion injection into the U.S. private equity firm Blackstone Group may have attracted more media attention, but the Beijing government also turned heads by creating a huge, PE hybrid designed to accelerate development in Africa. The China-Africa Development Fund was launched in June with an initial US$ 1 billion […]

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