The Banco de Chile signed a three-year 100-million-U.S.-dollar loan on Thursday with the China Development Bank (CDB), the Chilean bank said.
The loan is part of a free trade agreement signed by Chile and China in April during an official visit by Chilean President Michelle Bachelet to China.
Tags: bank, CDB, Financial
China Development Bank (CDB) has chosen the National Council for Social Security Fund (NSSF) as its sole strategic investor for its new firm, expected to be inaugurated before the Beijing Olympics, said reports yesterday, citing an unnamed source.
CDB has won approval from Chinese regulators to establish a new firm that would be a part of [...]
Chinese state-owned steel producers are planning to purchase a big proportion of the world’s biggest miner BHP Billiton Ltd’s stake, despite the warning from the Australian treasury officials that Australia will lift restrictions on the investment by foreign state-owned companies.
Major steel producers and suppliers in China such as Baosteel Group Corp., Wuhan Iron & Steel [...]
Bank of Communications will sell up to 5 billion yuan (US$722 million) worth of yuan-backed bonds in Hong Kong, the bank said yesterday.
The Shanghai-based bank will sell the bonds to retail and institutional investors in the special administrative region after shareholders approved the plan yesterday, the bank said.
Tags: bank, BOC, BOCOM, CDB, economy
China Development Bank (CDB), one of the three policy banks in the nation, has established a financial leasing arm in Shenzhen, Guangdong Province.
The leasing unit, with Shenzhen Financial Leasing Co its predecessor, is the largest leasing company in mainland China in terms of registered capital which stood at RMB 7.5 billion (US$1.08 billion).
Tags: bank, CDB, [...]
What to do with over a half a trillion a year?
Understanding the changes in the management of China’s foreign assets
Brad Setser
Fellow, Geoeconomics Center, Council on Foreign RelationsÂÂ
January 14, 2008
The China Investment Corporation’s $5 billion investment in Morgan Stanley, its $3 billion investment in Blackstone and the China Development Bank’s likely $2b investment in Citigroup have [...]
