Institution details
China Development Bank (CHDB)
Key facts
- Established in 1994
- Ownership: Public
- 18 Fuxingmennei Street
- None
- https://www.cdb.com.cn
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | A+ |
Country rating | S&P | Local currency | A+ |
Products
- Loans
- Equity and proprietary investment
- International settlement
- Cross-border RMB settlement
- Consulting and certifying
- Other services
Loans
- The CDB offers as part of its core range of loan products:
- Foreign currency loans for long-term projects
- Foreign currency liquidity loans
- Offshore RMB loans
- Sovereign loans - It can also offer buyer and seller credits, subsidized loans, and overseas refinancing
Equity and Proprietary Investment
- In addition to providing overseas investment and offering a bilateral and multilateral cooperation fund, CDB also has the below funds:
- China-Africa Development Fund (CAD Fund)
- Fund for Development Cooperation between China and Portuguese-speaking countries - International Settlement
- Import and export letters of credit
- Import and export payment collection
- Inward and outward remittance
Cross-Border RMB Settlement
- Cross-border RMB import and export collection
- Cross-border RMB import and export letters of credit
- Cross-border RMB remittance
- CDB can provide a broad range of investment consulting services, including Africa-related information, special advising, deal making, and investment banking services
Other Services
- Special loans for SMEs pursuing business in Africa, Germany, or Caribbean countries
- Special financing arrangements between Hungary, Greece, and Germany
- Institutional arrangements for nuclear power equipment and high-speed rail “going abroad” projects
Performance highlights
What's new?
- CDB signed a MOU with Standard Chartered, granting RMB 10 billion of loans in the next five years for Belt and Road construction projects undertaken by the two entities
- The Bank opened three new overseas representative offices in Astana, Minsk, and Sydney
- The CDB is committed to supporting Chinese companies “going abroad,” and serves the country’s Belt and Road initiative
- The China-Africa Development Fund (CAD Fund), founded in 2007, is a private equity fund solely funded by the CDB; its aim is to stimulate investment in Africa by Chinese companies, and has USD 10 billion total in capital to support that mission
- The bank has set three major targets in driving energy saving in industrial sectors and green development, namely ecological and environmental protection, green urban and rural construction, and green industrial transformation