CORRECT: China Development Bank Sets Up Overseas Investment Firm In Hong Kong
06 Dezembro 2011 - 9:24AM
Dow Jones News
China Development Bank Corp. said Tuesday it has established a
firm in Hong Kong for its offshore investment activities.
The company, CDB Capital International Holdings Ltd., has signed
strategic partnerships with private equity firms TPG Inc., Kohlberg
Kravis Roberts & Co. and Permira, as well as Hong Kong-listed
property outfit New World Development Co. (0017.HK), underscoring
its effort to participate in direct investment and asset management
overseas, the Chinese government-owned lender said.
"The new investment firm will make use of Hong Kong as an
international financial hub for China...and hopes to become a
financing platform for Chinese companies to 'go outside' and
foreign companies to get into China," said China Development Bank
chairman Chen Yuan at an opening ceremony for CDB
International.
-By Fiona Law, Dow Jones Newswires; 852-2802-7002;
fiona.law@dowjones.com
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