China Development Bank International Investment Limited is a
Cayman Islands
The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...
-incorporated investment company headquartered in
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
. It was listed company on the
Hong Kong stock exchange
The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...
since 1994
[ (as ING Beijing Investment, formerly "Honlinda Limited"), and is a ]red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
company.
History
The bank was listed as a red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
company on 10 May 1994.China Development Bank
China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies. .
China Development Bank International Investment was planned to form a joint venture with EIG Global Energy Partners
EIG Global Energy Partners (also known as EIG and EIG Partners) is an American investment firm headquartered in Washington, D.C. It focuses on investments in the energy sector. The firm has additional offices in Hong Kong, Houston, London, Rio d ...
in 2015.
Shareholders
In 2002, the largest shareholder of ING Beijing Investment was ING Group
ING Group N.V. () is a Dutch multinational corporation, multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, whol ...
for 15.78% shares (85,140,000 number of shares). After the takeover by New Capital International Investment, ING Group still owned the same number of shares, but decreased to 13.16% of total share capital; the largest shareholder was Sense Control International Limited for 16.63%, a company owned by Lin Si Yu ().China Development Bank
China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies. .[
]
See also
* Cayman Islands company law
Cayman Islands company law is primarily codified in the Companies Law (2018 Revision) and the Limited Liability Companies Law, 2016, and to a lesser extent in the Securities and Investment Business Law (2015 Revision). The Cayman Islands is a le ...
* Belt and Road Initiative
The Belt and Road Initiative (BRI or B&R), known in China as the One Belt One Road and sometimes referred to as the New Silk Road, is a global infrastructure development strategy adopted by the government of China in 2013 to invest in more t ...
References
External links
*
{{authority control
China Development Bank
Investment banks in Hong Kong
Offshore companies of the Cayman Islands
Companies listed on the Hong Kong Stock Exchange
Government-owned companies of China
ING Group