You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #48: China Development Bank inks pact with global buyout [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-06-11 08:57 AM
Response to Reply #21
48. China Development Bank inks pact with global buyout

Reuters) - China's banking powerhouse, China Development Bank Corp (CDB), signaled its global ambitions on Tuesday as it launched an overseas investment platform and signed strategic agreements with global private equity funds KKR (KKR.N), Permira and TPG Capital TPG.UL.

China's state-owned CDB CHDB.UL, which is transforming into a commercial lender from a government-focused bank, has been stepping up investment in domestic funds as well as in several Sino-foreign funds aimed at facilitating cross-border investment.

The move reflects CDB's ambition to become a globally competitive institution, as well as Beijing's desire to fund overseas expansion by Chinese companies.

"Hong Kong-based CDB International will participate in direct investment and asset management, making use of the CDB brand and government resources to help Chinese companies invest overseas," CDB said in a statement issued after announcing the tie-ups.
Printer Friendly | Permalink | Reply | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC