China Development Bank (CDB) was founded in 1994 as a policy financial institution under the direct leadership of the State Council. It was incorporated as China Development Bank Corporation in December 2008, and officially defined by the State Council as a development finance institution in March 2015.
CDB has a registered capital of RMB 421.248 billion. Its shareholders include the Ministry of Finance of the People’s Republic of China (36.54%), Central Huijin Investment Ltd. (34.68%), Buttonwood Investment Holding Co., Ltd. (27.19%) and the National Council for Social Security Fund (1.59%).
CDB provides medium- to long-term financing facilities that serve China’s major long-term economic and social development strategies. By the end of 2015, its assets grew to RMB 12.62 trillion, a balance of loans of RMB 9.21 trillion, and a cumulative recovery rate of 98.78% that continued to lead the industry for the sixteenth consecutive year. We also further enhanced our sustainability and risk management, delivering a net profit of RMB 102,788 million, ROA of 0.90%, ROE of 11.74%, and capital adequacy of 10.81%. Professional credit rating agencies including Moody's and Standard & Poor's have rated CDB at the same level as China’s sovereign rate.
