China Development Bank Corp. ’s private-equity unit sports three bronze busts of Communist Party leaders in its Beijing lobby. Chairman Mao Zedong is there, and so is his eventual successor as leader, Deng Xiaoping . Then there’s Chen Yun, once China’s top economic planner.
China Development Bank Corp.’s bonds will keep their zero risk weighting on the books of Chinese commercial banks, Vice President Li Jiping said, holding down borrowing costs for the world’s largest policy lender.
Petroleo Brasileiro SA , Brazil’s state-run oil company, is in talks with China Development Bank Corp. for a new loan after borrowing $10 billion from the policy bank in 2009, bank Chairman Chen Yuan said.
Ecuador signed a $2 billion loan with China Development Bank Corp., its second in less than a year, as the Asian nation seeks to secure energy and commodities supplies to meet demand in the world’s second-biggest economy.