In April 2017, CDB adopted its current name, China Development Bank, and changed from a joint-stock company to a limited liability company. Specifically, he objected to the size, intrusiveness, and entrenched interests within these institutions, and the very idea that such banks, which are supposed to be all about promoting development and alleviating poverty, continue to lend to Beijing. All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment. In March 2015, the State Council positioned it as a development finance institution. CDB has more than 9,000 employees in total and is the parent company of CDB Capital, CDB Securities, CDB Leasing, the China-Africa Development Fund, and CDB Development Fund. Tel:(0991) 2335001. Very little of consequence gets done at the World Bank, the UN, or any number of other multilateral organizations without the wink and nod of Beijing. Although China held just 4.5 percent of the World Bank’s voting power (compared with 16 percent by the United States) in 2018, and it contributed just 5 percent toward the United Nation’s (UN’s) regular budget in 2015 (compared with 22 percent by the United States), Beijing is punching well above its weight in these and other multilateral organizations. For many years now, Beijing has also been busy in the corridors of the world’s MDBs (and other international institutions) determinedly establishing its prominence and exerting its influence in how development loans are disbursed. CDB is mainly engaged in medium and long-term lending and investment to support the implementation of major strategies for medium and long-term development of Chinaâs national economy. Zip:830002 At the end of 2011, CDB reported foreign currency loans, used to make its international investments, of $210 billion; an increase of over seven times from five years prior. CDB has also been involved in financing other forest risk commodity sectors. While China has been busy becoming the world’s leading de facto economic and political power, it has also been quietly establishing strong bilateral relations with regional governments, and even lending to them, while continuing to accept much needed development assistance from the MDBs. Today, China is an upper middle-income country that has remaining development challenges. There is another reason why the practice continues, however: the MDBs need China to continue to absorb billions of dollars of loans, grants, and technical assistance each year because many of the smaller and poorer countries do not have the capacity to absorb it. For example, in 2013 it was reported that CDB invested $500 million in Golden Veroleum Limited, a unit of Sinar Mas’ subsidiary, Golden Agri Resources Limited, towards the development of palm oil project being carried out in partnership with the Liberian government. CDB has 421.248 billion RMB in registered capital. The China Development Bank (CDB) is a state-owned development bank, established originally as a policy bank in 1994. The number of development banks has increased rapidly since the 1950s; they have been encouraged by Fax:(0991) 2335002. Please contact us with any concerns or feedback about this or other assessments included in the Forest 500. Of these, it is the world’s largest development bank by assets, and China’s biggest overseas lender. In December 2008, CDB underwent a structural reform and was renamed China Development Bank Corporation Limited.
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