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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

China’s CDB adopts joint stock company structure

Posted on 02 December 2008

From Reuters: State-owned China Development Bank (CDB) has completed its conversion into a joint stock company, marking another step in the policy lender’s transformation along commercial lines, the bank said on Monday.

A ceremony to mark the creation of China Development Bank Corp, a new shareholding company with limited liability, was held in Beijing on Monday, the bank said in a statement published on its website (www.cdb.com.cn), confirming what banking sources earlier said….. Full Article: Source


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