New ETF Book by Larry Connors - Click here to read more
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 US$20 billion 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 per cent and 48.7 per cent of its stake.
(XIC) bl
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