trending Market Intelligence /marketintelligence/en/news-insights/trending/tz5steCoI3fxPi1OPRhr-w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

CDB Securities raises 3.6B yuan with eye on future IPO

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


CDB Securities raises 3.6B yuan with eye on future IPO

China Development Bank Corp.'s securities unit raised more than 3.6 billion yuan from investors, laying the groundwork for a potential listing, Reuters reported Dec. 22, citing a statement from the bank.

CDB Securities raised the funds from two strategic investors, the bank said.

The funds will be used to supplement capital and help expand the business. The deal also lays the foundation for a future restructuring and a market listing.

Reuters had previously reported that China Development Bank plans to list two of its subsidiaries, including CDB Securities, in Hong Kong.

As of Dec. 21, US$1 was equivalent to 6.95 Chinese yuan.