CDB Innovation Capital Investment Co., Ltd. (CDB Innovation) is a wholly-owned subsidiary incorporated by CDBC in August 2011 and specializes in equity investment and mezzanine financing. CDB Innovation participated in projects including Wuhan Best City and Old Town Reconstruction of Pi County in Chengdu to support the construction of new urbanization in China. In 2014, it invested in the RMB 5.7 billion private placement program initiated by TCL Group to support the development of strategic emerging industries. CDB Innovation and Jiangsu Provincial Government jointly set up Kaixindai, an Internet finance service platform, to raise social capital for micro businesses.