China Development Bank Revenue and Competitors

China Development Bank (CDB) was founded in 1994 as a policy financial \ninstitution under the direct leadership of the State Council. It was \nincorporated as China Development Bank Corporation in December 2008, and \nofficially defined by the State Council as a development finance \ninstitution in March 2015. \n\nCDB has a registered capital of RMB 421.248 billion. Its shareholders \ninclude the Ministry of Finance of the People’s Republic of China (36.54%), \nCentral Huijin Investment Ltd. (34.68%), Buttonwood Investment Holding Co., \nLtd. (27.19%) and the National Council for Social Security Fund (1.59%). \n\nCDB provides medium- to long-term financing facilities that serve China’s \nmajor long-term economic and social development strategies. By the end of \n2015, its assets grew to RMB 12.62 trillion, a balance of loans of RMB 9.21 \ntrillion, and a cumulative recovery rate of 98.78% that continued to lead \nthe industry for the sixteenth consecutive year. We also further enhanced \nour sustainability and risk management, delivering a net profit of RMB \n102,788 million, ROA of 0.90%, ROE of 11.74%, and capital adequacy of \n10.81%. Professional credit rating agencies including Moody's and Standard \n& Poor's have rated CDB at the same level as China’s sovereign rate. \n\nCDB is the world’s largest development finance institution, and the largest \nChinese bank for foreign investment and financing cooperation, long-term \nlending and bond issuance. It ranked 87th on the Fortune Global 500 list in \n2015. \n\nCDB currently has 37 primary branches and 3 secondary branches on the \nChinese mainland, one offshore branch in Hong Kong and five representative \noffices in Cairo, Moscow, Rio de Janeiro, Caracas and London, with about \n9,000 staff. Its subsidiaries include CDB Capital Co.,Ltd., CDB Securities \nCo.,Ltd., CDB Leasing Co.,Ltd. and China-Africa Development Fund Co.,Ltd