Reporters' Log

CDB has no plan to get listed and invite strategic investors

By Zhang Ran (chinadaily.com.cn)
Updated: 2009-03-09 16:50

China Development Bank (CDB), China's largest policy-related bank, has no current listing plan and has no plan to introduce overseas strategic investors either, CDB President Jiang Chaoliang said on the sidelines of the 11th Chinese People's Political Consultative Conference (CPPCC).

Addressing the rumor that CDB would buy Shenzhen Development Bank, Jiang said CDB "has no intention" to buy any commercial banks.

He also denied another ongoing rumor that CDB is in talks with China Investment Corp to buy CITIC Capital, an investment arm of financial conglomerate CITIC Group, Beijing-based Beijing Times reported.

CDB, which lends in line with government policies, is converting itself into a commercial bank.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環(huán)境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農(nóng)民企業(yè)家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業(yè) Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more