CDB seeks IPO for securities unit after $518m injection

John Loh

December 22, 2016 07:30 am

cdb px230 — Chinese walk past a branch office of the China Development Bank in Beijing, China, Tuesday, July 24, 2007. China Development Bank (CDB), a major state-owned policy bank, has signed a purchase agreement and a cooperation memorandum with Barclays Bank to buy ABN Amro Bank, a state news agency reported Monday. Barclays said in a statement earlier that it would team up with CDB and Temasek Holdings Ltd. of Singapore to increase its offer for ABN Amro to US$93.2 billion. (AP Photo) | AP/Press Association Images

China Development Bank Corp’s securities arm has raised more than Rmb3.6bn ($518.3m) from two state investors, in what the lender said was a prelude to an IPO.

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Topics

Equity IPOs Equity China China Development Bank Greater China Asia Northeast Asia Asia Pacific Emerging Markets

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John Loh