CDBC and Suzhou Ventures Group jointly invested in and set up China’s first state-level FOF.
On November 9, 2010, Yao Zhongmin, the then Supervisory Chairman of CDB, and Ma Biao, the then Chairman of Guangxi Zhuang Autonomous Region Government, attended the launch ceremony of Guangxi KeyWin Industrial Investment Fund.
On September 6, 2010, Hunan Provincial People’s Government and CDB signed in Changsha the Strategic Agreement on Cooperative Investment in Changzhutan KeyWin Resource-saving and Environment-friendly City Development Fund, in which both sides agreed to invest in the fund, which has raised RMB 7 billion.
Upon approval of the State Administration for Industry and Commerce, CDB Capital Co., Ltd. was officially established on August 24, 2009.