Read Larry Connors' blog – Short Term Trading Strategies
After CDB got the banking license, the banks with banking licenses in Hong Kong totaled 145.
CDB established representative offices in Hong Kong in 1999. In terms of total asset value, CDB is the fifth largest commercial bank on Chinese Mainland.
By the end of 2007, Chinese government injected 20 billion U.S. dollars into CDB to enhance its capital adequacy ratio.
CDB was reorganized into a joint-stock company in September, 2008, with the Ministry of Finance and the Central Huijin Investment Ltd. respectively holding 51.3 percent and 48.7 percent of its stake.
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