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The Latest Breaking News from China Development Bank

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

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

Former CDB Henan Branch Head Gets 10 Years in Prison

Fu Xiaodong convicted of bribery after confessing to 22 transactions over 13 years in Henan and Ningxia

Caixin Global · Apr 17, 2023

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Former Head of China Development Bank Branch Kicked Out of Communist Party

Fu Xiaodong, who was president of CDB’s Henan unit, accused of accepting bribes and turned over to prosecutors, graft busters say

Caixin Global · Nov 29, 2022

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

China Reins In Belt and Road Program, $1 Trillion Later

China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making.

Bangkok Post · Sep 27, 2022

China Is Quietly Trying to Dethrone the Dollar

Regional groups and small banks are helping insulate Beijing against sanctions.

Foreign Policy · Sep 21, 2022

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Ecuador reaches deal with China to restructure debt

Ecuador has reached an agreement to restructure its debt with Chinese banks, the government said in a statement on Monday, providing relief worth some $1.4 billion until 2025.

Reuters · Sep 20, 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

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