China Development Bank (CDB) is a financial institution in the People's Republic of China under the direct jurisdiction of the State Council. CDB is the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance. The Bank under the supervision of the central government is tasked with the development of socialist market economic system and to propel China's concerted and sustainable economic and social development.
China Development Bank provides lending, deposits, consulting and advisory services, cash management services, remittance and settlement services, and custody and guarantee services, debt issuance operations, treasury operations comprising money market transactions, foreign exchange transactions, bond market transactions, customer-based interest rate and foreign exchange derivative transactions, and liability management services.
Net profit: RMB 63.1 billion (2012), RMB 80.0 billion (2013), RMB 97.7 billion (2014), RMB 102.8 billion (2015).
HQ: Beijing, China
Founded: 1994
ID: 1257. Updated: 07.01.2017
- Head office: No.18 Fuxingmennei Street, Xicheng District, Beijing
- Phone: 86 10 6830 6688
- Fax: 86 10 6830 6699
- SWIFT: SDBCCNBJ
- Key people: Hu Huaibang (Chairman), Zheng Zhijie (President)
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