The Latest Breaking News from CDB

Ex-VP of China’s Biggest Policy Bank Admits Taking $3.2 Million in Bribes

Wang Yongsheng, arrested six months ago, pleaded guilty to offering favors in exchange for illegal gains

Caixin Global · Jul 18, 2024

Former Policy Bank Executive Caught in Anti-Corruption Dragnet

Li Jiping, a retired China Development Bank executive vice president, is suspected of ‘serious violations of discipline and law’

Caixin Global · Mar 13, 2024

Corrupt Former Policy Bank Vice President Gets 20 Years Behind Bars

He Xingxiang found guilty of taking bribes, hiding offshore deposits, and illegally issuing loans and bank guarantees

Caixin Global · Jan 29, 2024

Indonesia's delayed China-funded rail project beset by fresh problems

Indonesia's transport ministry and three consultants have pushed back on a China-funded consortium's plan to start full commercial operations of the country's $7.3 billion first high-speed train service in August, an internal document shows.

Reuters · Jun 7, 2023

Another China Development Bank Ex-Official Comes Under Probe

Graft busters focus on Mao Juncai, former president of top policy lender’s Shanghai branch, adding to a long list of scandals

Caixin Global · Jun 2, 2023

Firms behind Indonesia's high-speed rail seek another $1bn loan from China

JAKARTA: The consortium building a China-funded high-speed railway in Indonesia is seeking a 16.1 trillion rupiah ($1.03 billion) loan top-up from China Development Bank (CDB) to fund a budget overrun on the project, company executives said on Wednesday.

Bangkok Post · Nov 9, 2022

Former China Development Bank exec charged for taking bribes- state media

A former vice president of China Development Bank (CDB), He Xingxiang, has been charged for taking bribes, the official Xinhua news agency said on Friday.

Reuters · May 6, 2022

Ex-China Development Bank exec arrested on bribery suspicion

A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.

Reuters · Feb 13, 2022

Cochin Devaswom to reform ritual

THRISSUR: The Cochin Devaswom Board (CDB) has decided to reform the 'Kalkazhukichoottu' ritual as part of its efforts to wriggle out of the criticisms of casteist practices it was facing, after some temples under it publicised the conduct of this ritual.

The Times of India · Feb 12, 2022