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Overview of China Development Bank March 30, 2010. 1. Brief introduction of China Development Bank. CDB was established in 1994, under the direct leadership of the State Council of China.
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1. Brief introduction of China Development Bank • CDB was established in 1994, under the direct leadership of the State Council of China. • On December 11th 2008, CDB was transformed into a joint stock corporation, Ministry of Finance and Central Hujin Investment Limited are two main shareholders representing the State. CDB is in the reforming process of being a first-class international financial institution and building itself to be a commercial bank. The purpose of reforming is to provide stronger support for the social economy.
1. Brief introduction of China Development Bank • Institution: Headquartered in Beijing, with 35 branches in China and 2 representative offices, including one branch in Hong Kong, and one representative office in Cairo (Egypt). And we are now preparing to establish representative offices in Moscow (Russia), Rio de Janeiro (Brazil), Caracas (Venezuela). • Characters: • Focusing on medium and long term credit. • Positioned as the largest bank in China for overseas financing. • Funding mainly comes from bond issuance (no retailing saving business). • Enjoys sovereign level credit rating
1. Brief introduction of China Development Bank • Task: raise and guide social funds, support the development of infrastructures, basic industries, backbone industries and high-new technologies as well as China’s key project construction. And CDB also go to sectors related to people’s livelihood including the construction of new rural areas, urbanization, medium and small enterprises, housing for low income families, energy saving and environmental protection, medical healthcare and micro loans, student loans. In addition, CDB has been actively carrying out international cooperation business.
1. Brief introduction of China Development Bank As of the end of the 2009 • Total assets: total assets stood at RMB 4.5 trillion (equal to USD 660 billion) loan balance stood at RMB 3.68 trillion (equal to USD 540 billion) • Performance: Total profits was RMB 30.2 billion for 2009; Non-Performing Loan ratio stood at 0.9%; Capital Adequacy ratio was 11.7%.
2. Development track • 2.1 Two periods of CDB development • First period (from its establishment in 1994 to 1998): • Given the fund shortage and the requirement of China’s key project construction, the Bank provides loans for infrastructures, basic industries and backbone industries as well as its supporting projects in the form of policy finance to solve the barriers. • Second period (from 1998 to present): • The Bank conducted marketization reform, and to serve the economic and social development in the marketized approach; • The Bank’s market performance has reached international advanced level.
2.2 CDB performance reached international advanced level • three international credit rating companies- Moody, Standard & Poors, and Fitch, continued to grant CDB the sovereign level credit rating. A1(stable) A+(stable) A+(stable)
2.2 CDB performance reached international advanced level Loans are mainly directed to infrastructure and basic industries
2.3 CDB plays a vital role in promoting economic and social development • Infrastructures, basic industries and backbone industries Education, medium and small enterprises, energy saving and environmental protection, etc. International cooperation
3. International Cooperation Business 3.1 CDB actively carried out international cooperation • During the recent wave of globalization, CDB seized the opportunity to further enhance our role and reputation on the global stage. CDB has established good relationship with more than 100 foreign financial institutions and has established about 150 working teams overseas. • As of the end of 2009, CDB’s balance of foreign currency loans reached USD 97.4 billion and the non-performing foreign currency loan ratio being 0 for 29 consecutive quarters. • President of China introduced CDB as ‘the largest bank in China for overseas financing’ to President of Peru in 2008.
3.2 Modes of International Cooperation Business Financing models Financial cooperation (credit to foreign banks, currency swap, onlend); Syndicated loans; Loans to foreign companies; Loans to Chinese companies (overseas investment, mergers and acquisitions); Export Buyer’s/Seller’s credit; Other methods Direct investment; Leasing loans (aircraft, shipping, large scale equipment);
4. Main experiences CDB maintained marketized operation to meet the state and social development objectives; CDB intensified financial innovation and combined the leading international financial philosophy and methodology with China’s reality to improve market operations; CDB broke through financing bottleneck via market construction in an effort to build a health and efficient market and financing system; CDB promoted scientific development with careful planning;
5. Future Development of China Development Bank • The Bank will take advantage of the reform to stride forward toward building a world-class modern financial institution and better serve the economic and social development in accordance with the requirement of building the modern financial enterprise system.
6. About the Syria Working Team of CDB • Established in October, 2008. At present there are two members. • In answer to the call of the State to encourage domestic enterprises to “Go Global”, CDB engages in a wide range of international cooperative activities. • As the largest developing country in the world, China has the will and responsibility to share the story of its success with other developing countries. • Our Mission: • Enhance economy and trade relations, and promote the friendly relationship between Syria and China. • Supply financial services to Syria side in every possible sector based on principles of equality, mutual benefit and market-oriented approach, which lead to a win-win system.
6. About the Syria Working Team of CDB • Contact Information: • ZHANG Dawei, mobile: 00963-0988674513(Syria) email:zdw@cdb.com.cn 0086-13995101282(China) • LI Jin mobile: 00963-988797190(Syria) email: lijin@cdb.com.cn +86-13895693720(China)
