Chinese walker

Recently, following the State Council’s endorsement, the CBRC approved China Development Bank(CDB) to incorporate itself as a shareholding company. Its registered capital is RMB 300 billion with MOF holding 51.3% and Central Huijin holding the rest 48.7%. After the incorporation, the China Development Bank will become a commercial bank and rank the fifth among large commercial banks following ICBC, ABC, BOC and CCB.

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