According to news report in Hong Kong, CDB International Holdings Co., Ltd. was officially established in Hong Kong on December 6, 2011. This marked that the overseas investment platform, launched by CDB and CDBC at the International Finance Centre in Hong Kong, had officially entered the global capital market.
The launch ceremony was attended by over 150 participants, including Mr. Tung Chee-hwa, Vice Chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Mr. Chen Yuan, Chairman of CDB, Ms. Guo Li, Deputy Director of the Liaison Office of the Central People’s Government in Hong Kong Special Administrative Region, Mr. KC Chan, Secretary for Financial Services and the Treasury in the Government of Hong Kong, Mr. Norman Chan, Chief Executive of the Hong Kong Monetary Authority, Ms. Laura Cha, Member of the Executive Council of Hong Kong, and Mr. Cheng Yu-tung, Chairman of Hong Kong New World Development Group, along with leading representatives from Hong Kong and mainland China companies, and domestic and overseas investment and financial institutions.
As a leading bank for medium and long-term investment and financing in China, CDB has committed to supporting infrastructure construction and development of fundamental and pillar industries. In recent years, CDB has supported improvement of livelihood, while actively supporting Chinese companies’ expansion in overseas market and expanded international cooperation with governments and companies in infrastructure, energy and resources and SMEs.
Up to now, CDB has set up working groups in over 140 countries, granted foreign currency denominated loans totaling about USD 200 billion and had about RMB 6 trillion in assets, making it the world’s largest development finance institution and the largest Chinese bank specialized in foreign investment and financing cooperation. CDBC was set up by CDB in August 2009 under the direction of the State Council and was the first Chinese bank that obtained Renminbi Qualified Foreign Institutional Investor (RQFII) license. Built on the investment business handed over from CDB and its strong financial strength, rich channel resources and strong client relationships, CDBC made great efforts to develop four business areas: urban development, industrial investment, overseas investment and fund management, build a world-class market-based investment and asset management institution and support China’s urbanization, industrialization and internationalization process. As the overseas investment platform of CDB and CDBC, the Hong Kong-based CDB International specializes in direct investment and asset management. Based on CDB’s brand influence and rich projects and government resources, it provides investment and financing services to support Chinese companies to “go global” and overseas capital to “enter the Chinese market”. CDB International will provide partner companies with integrated financial services, including direct investment and asset management, through deep cooperation with leading international financial institutions and by making use of CDB and CDBC’s resources and professional teams.
According to Chen Yuan, Chairman of CDB, CDB International will fully leverage the advantages of Hong Kong as an international financial center and combine Hong Kong’s strength in internationalization and CDB’s strength as a development finance institution, so as to increase its influence in the global financial market and build itself into a world-class investment institution and asset management platform, through market-based operation. After the launch ceremony, CDB International signed strategic cooperation agreements with TPG Holdings, KKR, Permira, a European private equity firm, and Hong Kong New World Development Group, respectively.
