trending Market Intelligence /marketintelligence/en/news-insights/trending/tz5steCoI3fxPi1OPRhr-w2 content esgSubNav
In This List

CDB Securities raises 3.6B yuan with eye on future IPO

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


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.