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Last update: 2022-01-04 14:08:56

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China Development Bank head offices. Photo: O via Wikimedia Commons (CC BY-SA 3.0)

About China Development Bank

China Development Bank (CDB), established in 1994, is the world's largest development finance institution. The bank was originally established as a policy bank to finance the government's large-scale development projects. It is under the direct jurisdiction of the State Council or the People's Central Government. In December 2008 CDB became a commercial bank, however, its sole shareholders were China's Ministry of Finance and the Central Huijin Investment Corp., both departments within the Chinese government. After the restructuring, CDB retained all of the assets, liabilities and business of the policy bank, including RMB 300 billion in registered capital. China Development Bank provides financing for national projects such as infrastructure, basic industries, energy and transportation.

Website http://www.cdb.com.cn/English/
Headquarters
18 Fuxingmennei Street, Xicheng District
100031 Beijing
China
CEO/chair Zhao Huan
Chairman
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Annual reports Annual report 2020
CSR Report 2020
Ownership

The China Development Bank is majority owned by the Chinese state via the Ministry of Finance and Central Huijin Investment. The bank's shareholder structure can be viewed here.

Complaints and grievances

China Development Bank does not operate a complaints or grievance mechanism for individuals or communities that might have been affected by the bank's finance.

Related Dodgy Deals

China Development Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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On record profiles

News

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Type:
Year:
blog
external news
our news

CBIRC releases the Green Finance Guidelines for Banking and Insurance Sectors

2022-06-02 | China Banking and Insurance Regulatory Commission
blog
external news
our news

NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
blog
external news
our news

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
blog
external news
our news

Russia's Arctic LNG 2 agrees loans worth 9.5 billion euros

Russian gas producer Novatek said its Arctic LNG 2 plant has signed loan agreements with foreign and Russian banks worth 9.5 billion euros ($10.8 billion), securing necessary external financing for the project.
2021-11-30 | Moscow | Reuters
blog
external news
our news

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
blog
external news
our news

China is world’s second largest financier of deforestation-linked commodities

New study finds significant risk associated with nearly 15 billion USD in loans and underwriting by Chinese financial institutions
2021-05-04 | BankTrack, Forests & Finance, Profundo, Rainforest Action Network
blog
external news
our news

Cambodia: Communities impacted by Lower Sesan 2 Hydropower Project seek IFC dispute resolution process; Companies' responses

2021-02-22 | BHRRC
blog
external news
our news

CBIRC penalises state-owned financial institutions and subsidiaries

2021-01-11 | Regulation Asia
blog
external news
our news

China Development Bank former chairman jailed for life

2021-01-07 | Nikkei Asia
blog
external news
our news

Major Brands and Banks Complicit in the Production of Conflict Palm Oil on Stolen Community Lands in Indonesia

2020-08-21 | Rainforest Action Network
blog
external news
our news

More than 20 Turkish NGOs demand withdrawal of finance by Chinese banks to the Hunutlu coal-fired power plant

More than 20 NGOs including East Mediterranean Platform of Environment Associations, the Chamber of Doctors in Adana, Chamber of Agricultural Engineers in Adana, 350.org, Climate Action Network Europe (CAN Europe), Ekosfer, Greenpeace Mediterranean, Health and Environment Alliance (HEAL), and Yuva Association called Chinese banks to withdraw their financial support to the Hunutlu coal-fired power plant that is being constructed in the Yumurtalik District of Adana, Turkey
2020-06-09 | Climate Action Network Europe
blog
external news
our news

265 Civil society groups call on Chinese actors to ensure that Covid-19 financial relief does not bail out harmful projects

2020-05-01 | BankTrack, Inclusive Development International
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

China Development Bank could be a climate bank

Turning its green growth vision into clear policies would make the CDB a global climate leader
2020-02-06 | China Dialogue
blog
external news
our news

China Development Bank backs out of financing Sinar Mas purchase of Eldorado

2018-10-01 | Environmental Paper Network
blog
external news
our news

Terms of Eskom’s China loan private, says Cyril Ramaphosa

2018-09-12 | Business Day
blog
external news
our news

Greenpeace responds to China’s $2.5bn loan for Kusile power station

2018-07-26 | ESI Africa
blog
external news
our news

China-backed Sumatran dam threatens the rarest ape in the world

2018-05-03 | The Conversation
blog
external news
our news

Investing in a Green Belt and Road? Assessing the Implementation of China’s Green Credit Guidelines Abroad

The Chinese government has become an unexpected leader in pushing for new green credit policies, but are Chinese banks doing their part to keep the belt and road initiative green?
2017-12-13 | Friends of the Earth US
blog
external news
our news

Development or destruction? An inside look at APP’s mega paper mill

Production is ramping up at Asia Pulp and Paper’s massive new pulp mill in Indonesia. Eco-Business takes a close look at what the mill means for the company, Indonesia’s forest and people.
2017-11-14 | Eco-Business
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

Chinese investors compete for Bosnian coal projects

2017-07-10 | bne Intellinews
blog
external news
our news

Major international banks and investors finance devastating impacts of forest-risk commodities

New report finds eight corporate giants in palm oil, pulp and paper, timber and rubber involved in social and environmental scandal; exposes financial banking
2017-04-24 | Tokyo | Rainforest Action Network
blog
external news
our news

APP’s New Pulp Mill Endangers Indonesia’s Climate Change Commitments

Asia Pulp & Paper’s $3 billion mill locks in high carbon emissions and fire threat for decades. NGOs call on company to stop using drained peatlands for pulpwood plantations and to restore degraded areas.
2017-01-19 | Jakarta, Indonesia | Eyes on the Forest, Hutan Kita Institute, Wetlands International, Woods & Wayside International, Yayasan Auriga
blog
external news
our news

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
blog
external news
our news

China becomes global leader in development finance

2016-05-17 | The Financial Times
blog
external news
our news

China debt load reaches record high as risk to economy mounts

2016-04-24 | The Financial Times
blog
external news
our news

How China became the global threat everyone saw coming

2016-01-23 | The Telegraph UK
blog
external news
our news

Chinese banks funding rainforest destruction in Indonesia

2015-02-18 | Mongabay
blog
external news
our news

Banks lend almost $2bn to “Indonesia’s biggest forest destroyer”

2015-02-17 | BankTrack Blog
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
blog
external news
our news

Bumi’s Deadly Coal

New report reveals extensive water contamination and human rights violations by Bumi’s KPC coal mine
2014-08-21 | Jakarta | JATAM and Greenpeace
blog
external news
our news

Chinese banks ignore pleas of Ecuador mining campaigners

The failure to respond to an NGO letter challenging investment in the Mirador mining project has played to Ecuadorian fears about China's growing clout
2014-05-14 | Beijing | China Dialogue
blog
external news
our news

Liberia: China Development Bank Official Visit GVL Operation

2013-12-03 | All Africa
blog
external news
our news

China Development Bank Backs Indonesian Pulp and Paper Sector in Landmark Deal With APP

2013-10-03 | APP
blog
external news
our news

Australian coal projects could be ineligible to receive Chinese finance

2013-07-24 | Melbourne | Market Forces
blog
external news
our news

A Banking Paper Tiger

2013-02-27 | The Wall Street Journal
blog
external news
our news

New report details risks of China Development Bank’s increasing global footprint

2012-07-02 | United States of America | Friends of the Earth US
blog
external news
our news

China Development Bank to Lend EFT Group 350 Million Euros

2012-06-19 | Bloomberg
blog
external news
our news

APRIL - PXF financing

2012-03-07 | Trade Finance Magazine
blog
external news
our news

China digs in conflict-ridden Burma for oil and gas

2011-09-06 | Bangkok | Finance GreenWatch
blog
external news
our news

Chinese NGOs Rank the Country’s Major Financiers, Launch Sustainability Benchmarking of Chinese Commercials Banks

2011-07-11 | Kunming, China | Green Watershed
blog
external news
our news

Time to volunteer

2010-08-03 | China Dialogue
blog
external news
our news

Chinese NGOs announce the second Green Banking Innovation Award

2009-08-01 | Beijing | Green Watershed, Global Environmental Institute and other Chinese NGOs
blog
external news
our news

民间环保团体评出第二届绿色银行创新奖

2009-08-01 | 中国 北京 | Friends of the Earth US
blog
external news
our news

China adopts sustainable lending laws

Shows potential way forward for global financial regulators
2008-11-20 | US and Netherlands | Friends of the Earth US
blog
external news
our news

中国采纳可持续借贷法规

为全球金融监管者指引潜在前进方向
2008-11-20 | US and Netherlands | Friends of the Earth US
blog
external news
our news

Chinese banks need to catch up on environmental policies

International banks must take responsibility in advocating for better standards
2007-05-09 | San Fransisco, Utrecht | Friends of the Earth US

Documents

Type:
Year:
ngo documents
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 00:00:00 | BankTrack
csr policies
2021-07-22 00:00:00

Guidelines on environmental information disclosure for financial institutions

2021-07-22 00:00:00 | People's Bank of China
annual reports
2021-06-08 00:00:00

Annual report 2020

2021-06-08 00:00:00 | China Development Bank
annual reports
2021-05-04 00:00:00

CSR Report 2020

2021-05-04 00:00:00 | China Development Bank
ngo documents
2020-10-28 00:00:00

Who is who in the Chinese lending institutional landscape

2020-10-28 00:00:00 | Urgewald
annual reports
2020-07-31 00:00:00

Annual report 2019

2020-07-31 00:00:00 | China Development Bank
annual reports
2020-07-31 00:00:00

CSR report 2019

2020-07-31 00:00:00 | China Development Bank
annual reports
2018-12-31 00:00:00

Annual report 2018

2018-12-31 00:00:00 | China Development Bank
annual reports
2018-12-31 00:00:00

Sustainability report 2018

2018-12-31 00:00:00 | China Development Bank
ngo documents
2018-12-10 00:00:00

Bank Policy Matrix

2018-12-10 00:00:00 | Forests & Finance Coalition
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | China Development Bank
ngo documents
2017-06-13 00:00:00

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents
2017-03-27 00:00:00

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

2017-03-27 00:00:00 | RAN, TuK & Profundo
ngo documents
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
our publications
2016-09-01 00:00:00

Green Paper, Red lines

Chinese version
2016-09-01 00:00:00 | BankTrack
csr policies
2016-08-16 00:00:00

Culture Manual

2016-08-16 00:00:00 | China Development Bank
our publications
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
ngo documents
2016-04-05 00:00:00

China goes global with development banks

2016-04-05 00:00:00 | Brettonwoods project
ngo documents
2015-12-31 00:00:00

China's international development finance

Past, present, and future.
2015-12-31 00:00:00 | UN University Wolrd Institute for Development Economics Research
csr policies
2015-02-09 00:00:00

Anti-money laundering questionnaire

2015-02-09 00:00:00 | China Development Bank
correspondence
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications
2014-11-25 00:00:00

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US
ngo documents
2014-08-21 00:00:00

PT KPC/Bumi Resources Deadly Coal

Ecological and Social Crisis caused by KPC/Bumi Resources’ Coal Production
2014-08-21 00:00:00 | JATAM
ngo documents
2013-11-25 00:00:00

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
2013-11-25 00:00:00 | Green Watershed
ngo documents
2013-05-01 00:00:00

Environmental and Social Policies in Overseas Investments

Progress and Challenges in China
2013-05-01 00:00:00 | by Denise Leung, Yingzhen Zhao, Athena Ballesteros and Tao Hu
ngo documents
2012-11-26 00:00:00

Environmental report on Chinese banks 2011

-English summary-
2012-11-26 00:00:00 | Green Watershed
correspondence
2012-11-06 00:00:00

Letter from BankTrack et al. to various financial institutions on APP

2012-11-06 00:00:00 | BankTrack et al.
our publications
2012-07-02 00:00:00

China Development Bank's overseas investments - An assessment of environmental and social policies and practices

2012-07-02 00:00:00 | BankTrack, Friends of the Earth
our publications
2012-07-02 00:00:00

Summary of report "China Development Bank’s Overseas Investments" in Chinese

2012-07-02 00:00:00 | Friends of the Earth US, BankTrack
ngo documents
2012-04-18 00:00:00

Environmental Report on Chinese Banks (2011)

-Chinese version-
2012-04-18 00:00:00 | Green Watershed
ngo documents
2012-03-28 00:00:00

Executive Summary of Environmental Report on Chinese Banks (2011)

2012-03-28 00:00:00 | Green Watershed
bank documents
2012-02-24 00:00:00

Notice of the CBRC on Issuing the Green Credit Guidelines

2012-02-24 00:00:00 | China Banking Regulatory Commission
ngo documents
2011-06-24 00:00:00

China Sustainable Finance Newsletter #12 -English-

2011-06-24 00:00:00 | Friends of the Earth US
other documents
2011-05-25 00:00:00

China Development Bank Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
ngo documents
2011-03-08 00:00:00

China Sustainable Finance Newsletter #11 -English-

2011-03-08 00:00:00 | Friends of the Earth US
ngo documents
2010-11-29 00:00:00

China Sustainable Finance Newsletter #10 -English-

2010-11-29 00:00:00 | Friends of the Earth US
ngo documents
2010-09-01 00:00:00

China Sustainable Finance newsletter #9 -English-

2010-09-01 00:00:00 | Friends of the Earth US
annual reports
2010-06-07 00:00:00

Social Responsibility Report 2009

2010-06-07 00:00:00 | China Development Bank
ngo documents
2010-04-29 00:00:00

Chinese Banks Report -Chinese-

2010-04-29 00:00:00 | Green Watershed
other documents
2010-03-26 00:00:00

中资银行:谁比谁更绿 民间报告首度披露14 家中资上市银行绿色信贷现状

2010-03-26 00:00:00 | Southern weekend
ngo documents
2009-11-17 00:00:00

China Sustainable Finance Newsletter #6

2009-11-17 00:00:00 | Friends of the Earth US
ngo documents
2009-08-17 00:00:00

China Sustainable Finance Newsletter #5 -English-

2009-08-17 00:00:00 | Friends of the Earth US
ngo documents
2009-05-15 00:00:00

China Sustainable Finance Newsletter #4 -English-

2009-05-15 00:00:00 | Friends of the Earth US
ngo documents
2009-03-25 00:00:00

Green Investment III

2009-03-25 00:00:00 | Greenpeace China
ngo documents
2009-03-12 00:00:00

China Sustainable Finance Newsletter #3 -English-

2009-03-12 00:00:00 | Friends of the Earth US
ngo documents
2008-11-20 00:00:00

The Green Evolution: Environmental Policies and Practice in the Chinese Banking Sector

2008-11-20 00:00:00 | Friends of the Earth-US
ngo documents
2008-11-20 00:00:00

中国采纳可持续借贷法规, 为全球金融监管者指引潜在前进方向

2008-11-20 00:00:00 | Friends of the Earth-US
ngo documents
2008-11-20 00:00:00

绿色变革: 中国银行业的环境政策与实践

2008-11-20 00:00:00 | Friends of the Earth-US
ngo documents
2008-11-07 00:00:00

China Sustainable Finance Newsletter #1 -English-

2008-11-07 00:00:00 | Friends of the Earth US
ngo documents
2008-05-14 00:00:00

新的供资方与环境 - New Financiers and the Environment

2008-05-14 00:00:00 | International Rivers
our publications
2007-05-09 00:00:00

Time to go Green; environmental responsibility in the Chinese banking sector

2007-05-09 00:00:00 | FoE US, BankTrack
our publications
2007-05-07 00:00:00

Time to Go Green (Chinese)

2007-05-07 00:00:00 | FoE US, BankTrack

Links

EPN assessment of policies against 14 minimum criteria - China Development Bank

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/china-development-bank/

China's Global Power Database

China’s Global Power Database, created by Boston University's Global Development Policy Center, tracks all the world's power plants financed by Chinese foreign direct investment and/or China's two global policy banks, the China Development Bank and the Export-Import Bank of China.

https://www.bu.edu/cgp/

Policies

Voluntary standards

China Development Bank has committed itself to the following voluntary standards:
  • Global Reporting Initiative
  • Guidelines for Ecological Environmental Protection of Foreign Investment Cooperation and Construction Projects
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

China Development does not have publicly available investment policies, nor does it have a publicly available web page on corporate social responsibility. Below here are statements from the bank regarding sustainability from each year's CSR report.

2018 ''Driven by its mission of supporting national development and delivering a better life for the people, CDB taps into its potential in development finance; upholds a set of core values including responsibility, innovation, green growth, prudence and win-win development; and strives to become a world-leading DFI. Guided by national development strategies, we draw on the state’s credit support, follow market principles, and ensure principal safety and modest returns. Our medium- and long-term investment and financing play an important role in stabilizing growth and transforming the economic structure, achieving state development targets, improving efficient allocation of social resources, mitigating cyclical effects, and beefing up the priority and vulnerable links in development. We achieve our own quality growth by facilitating national strategies, making a positive difference in the sustainable development of the economy, society, and environment.''

2017 "For the purpose of helping drive the sustainable economic, social and environmental economy in China and around the world, CDB as China's leading DFI, is committed to strenghtening national competetiveness and improving people's livelihoods, dedicated to the core values of responsibility, innovation, green growth, prudence, and win-win development, and engaged in sustainable development activities adapted to the Chinese environment, in line with international standards."

2014 "The CDB continued its commitment to strategic planning in support of national key industries and major strategic initiatives. The bank increased support for clean energy projects including hydropower, wind power, nuclear power and photovoltaic power, with an aim of balancing the country's energy structure. Further, the CDB continued to implement its green credit lending practices while trying to develop market-oriented corporate entities, especially in areas of air pollution treatment, the recycling industry, sewage treatment and clean/renewable energy. These efforts were pursued through a variety of means, including franchising, government investment and subsidy and energy performance contracting."

2011 "CDB held the second Social Responsibility and Sustainable Finance Workshop in Germany's Frankfurt University. Twenty-six people from the middle and executive management of the CDB headquarters and branches exchanged views with the  experts from more than 20 globally leading institutions on the management of environmental and social risks, and obtained an in-depth understanding of social responsibility and sustainable finance.The bank also signed a framework financing agreement with Invest Sweden and China Energy Conservation and Environmental Protection Group, as well as an agreement of intent with Industrifonden, the national industrial fund of Sweden, to promote and finance the development of clean energy projects of Swedish small and mediumsized enterprises.CDB participated in the formulation of the Green Credit Policy promulgated by CBRC, mapped out its 2011 working plan on loans for environmental protection, energy conservation and emission reduction, released the document specifying the indicators for environmental impact assessment for loans, introduced the environmental veto power into its credit and lending decisions and ensured all loan projects having passed the environmental impact assessments. The bank has issued loans of 228.1 billion yuan in support of energy-conservation, emission-reduction and  environment-protection, and made concrete efforts to increase the world's resilience against climate change for the good of the people."

2010 "Oriented toward sustainable financing, the bank strengthened environmental and social risk management and vigorously expanded the green financial services to support environmental protection and the combat against climate change. CDB strictly implemented its green loan policies, carefully chose lending targets and effectively prevented environmental risks. In 2010, CDB formulated the Guiding Opinions on Financial Support for Energy Conservation and Emission reduction and other instruments, and made an aggregate loan of CNY 232 billion for energy saving and emission-reduction, overshooting the year’s CNY 140 billion target."

2009 "CDB has wielded its special financial leverages in the combat against climate change by supporting an all-round improvement in major river valleys, cities and the rural areas, technical upgrading for energy and resource conservation, as well as green and low-carbon economy. A total of RMB 139 billion was loaned to these fields, up 40.7% from 2008 and in fulfillment of its commitment a year earlier. CDB continued to reduce its carbon footprints by advancing green office and green procurement. In 2009, CDB signed a new Cooperation Agreement on Development Finance with the Ministry of Environmental Protection, in which the bank committed itself to extending a credit line of RMB 100 billion between 2009 and 2015 to support major environmental protection projects."

Year:
csr policies
2021-07-22 00:00:00

Guidelines on environmental information disclosure for financial institutions

2021-07-22 00:00:00 | People's Bank of China
csr policies
2016-08-16 00:00:00

Culture Manual

2016-08-16 00:00:00 | China Development Bank
csr policies
2015-02-09 00:00:00

Anti-money laundering questionnaire

2015-02-09 00:00:00 | China Development Bank

Good moves

Year:
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