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The murky world of a policy lender

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September 2007

Now a shareholder in Barclays Bank, China Development Bank is a lender with its finger in many different pies

What the hell is the China Development Bank (CDB) and why is it helping fund Barclays Bank’s acquisition bid for ABN AMRO? If that was your reaction to the surprise announcement in July then you were not alone.

Truth be told, what exactly CDB is supposed to do has been the subject of much debate amongst Beijing scholars and even the top leadership of the Communist Party.

Thanks to the persistent lobbying of Chen Yuan, CDB’s president and a third-generation ...

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