Recently CDB successfully issued the 4th phase Kaiyuan asset-based security in 2017, totaling RMB 12 billion. By far, CDB has sold RMB 300 billion in asset-based security (ABS), maintaining its position as the largest ABS issuer in China.
CDB convened in Beijing its Third-Quarter Conference and Session of Learning the Guidelines of the 19th CPC National Congress to further study and carry out the guidelines of the Congress, summarize the work of CDB since the 18th CPC National Congress, identify future tasks and arrange for next moves.
On January 29, 2018, CDB convened the 2018 Annual Working Conference in Beijing. Hu Huaibang, Chairman of CDB, delivered a speech at the conference, noting that CDB has been serving as a major financial force that unswervingly implements the decisions and arrangements of the CPC Central Committee, adopts new development concepts and serves the supply-side structural reform, supports regional coordinated development and key national strategies including the Belt and Road Initiative, and helps...
On January 31 2018, CDB convened the Plenary Working Conference on International Business in Beijing. As noted by Zheng Zhijie, President of CDB, in 2018 CDB should further implement the guidelines of the 19th CPC National Congress and the Central Economic Working Conference (CEWC) and adhere to serving China’s national strategies.
In the presence of Chinese Premier Li Keqiang and British Prime Minister Theresa May, the Memorandum of Understanding on Granting RMB 10 Billion Loans for Belt and Road Construction Projects Between China Development Bank and Standard Chartered PLC (MoU) was signed by Chairman of CDB Hu Huaibang and Group Chief Executive of Standard Chartered PLC Bill Winters in Beijing on January 31.
From 20th to 21st this month (July 2017), CDB convened its 18th International Advisory Meeting in Beijing, at which 10 senior advisors from international political, financial and academic backgrounds carried out in-depth discussions on issues of the current economic and financial situation in the world and in China and the role of development finance in facilitating the supply-side structural reform.
RMB 1 billion in bonds underwritten by CDB for MayBank through China’s “Bond Connect” program was issued in the interbank bond market on July 21. With a term of three years and a coupon rate of 4.6%, the bonds have been actively subscribed by various institutional investors both at home and abroad.