State Actors, Market Games: Credit Guarantees and the Funding of China Development Bank

2019 ◽  
Vol 25 (3) ◽  
pp. 453-468 ◽  
Author(s):  
Muyang Chen
Keyword(s):  
Development Bank ◽  
Market Games ◽  
Credit Guarantees ◽  
State Actors ◽  
China Development

Zur Rolle der chinesischen Entwicklungsbanken beim Bau der Neuen Seidenstraße

2020 ◽  
Vol 89 (3) ◽  
pp. 79-97
Author(s):  
Dirk Linowski ◽  
Andrew D. Johansson ◽  
Haifeng Zendeh Zartoshti
Keyword(s):  
Belt And Road Initiative ◽  
Development Bank ◽  
Belt And Road ◽  
China Development

Zusammenfassung: Die Involviertheit einer der beiden großen international tätigen chinesischen Entwicklungsbanken Exim und China Development Bank in ein bilaterales Memorandum of Understanding (MoU) sowie in spezifische Belt and Road Initiative (BRI)-Projekte stellt primär ein qualitatives Signal nach innen für chinesische Großunternehmen, Banken, kleinere Unternehmen sowie Privatpersonen dar. Dieses signalisiert, dass der chinesische Staat hinter einem Engagement in einem BRI-Partnerstaat steht. Chinesische Akteure im Ausland sind mehr Projektausführende als Direktinvestoren, sie akzeptieren höhere Cluster-Risiken und sie engagieren sich geografisch zumeist dort, wo der Westen nicht oder nur geringfügig präsent ist. Effizienzbetrachtungen gewinnen mit zunehmendem Fortgang des Megaprojektes BRI zwar an Bedeutung, sind aber nicht dominant. Die Reduktion der Auslandinvestitionen Chinas im ersten Halbjahr 2019 sollte nicht als Rückzug Chinas interpretiert werden, sondern als „Luftholen“, um chinesische Ressourcen im Ausland in Zukunft effizienter und passgenauer einzusetzen. Während sich die Literatur zu (möglichen) ökonomischen und politischen Konsequenzen der BRI wie zu technischen Fragen der Realisierung als sehr umfangreich darstellt, findet man wenig Substanzielles zur Finanzierung von BRI-Projekten. Wir verfolgen hier nicht das Ziel, diese Lücke zu schließen, dafür aber, sie besser zu verstehen.

Renminbi-IMF influence goes both ways

2015 ◽  
Keyword(s):  
Foreign Exchange ◽  
Global Market ◽  
Transformative Change ◽  
Development Bank ◽  
Foreign Exchange Reserves ◽  
Reserve Currency ◽  
Content Type ◽  
Financial Governance ◽  
China Development ◽  
Global Financial System

Significance The deeper question is whether China's accelerating integration with the global financial system will catalyse transformative change in China's state-market relationship or whether global market actors will adapt to accommodate a resilient Chinese mode of financial governance. Impacts The renminbi's use as a reserve currency will remain limited due to scepticism about further steps on the reform path. China's foreign exchange reserves will be swollen by increased appetite for outbound trade settlement in renminbi. The China Development Bank will lead China's policy banks in assuming an even greater role in the renminbi's outward push. The IMF will have less leverage to impose structural adjustments on the capital accounts of debtor countries.

The Belt and Road Initiative: Implications for China and East Asian Economies

2018 ◽  
Vol 35 (2) ◽  
pp. 52-78 ◽  
Author(s):  
SARAH CHAN
Keyword(s):  
East Asia ◽  
Trade Flows ◽  
Belt And Road Initiative ◽  
Development Bank ◽  
Belt And Road ◽  
Funding Support ◽  
To Come ◽  
East Asian Economies ◽  
China Development ◽  
The Belt And Road

The China-led Belt and Road Initiative (BRI) is set to become a formidabledevelopment programme and its implications will be far reaching for East Asia, including ASEAN and China. It will provide further momentum for intra-Asian investment and trade flows and the implementation of such a strategy will also help to accelerate China's mergers and acquisitions activities in infrastructure, logistics and tourism. The BRI is expected to raise the Renminbi's international use in trade settlement and financing. A considerable amount of financing is estimated to come from Chinese institutions, particularly policy banks such as China Development Bank and a range of government-linked institutions. This article discusses China's funding support and investment to improve regional connectivity and analyses the repercussions of China's financial commitments under the Belt and Road Initiative for East Asia as well as its own economy.

Study on the Construction of China Development Bank Co's Main Businesses Framework Based on ERM

2013 ◽  
Vol 411-414 ◽  
pp. 2521-2526
Author(s):  
Ye Bin Lu
Keyword(s):  
Risk Management ◽  
Commercial Bank ◽  
Three Dimensional ◽  
Enterprise Risk Management ◽  
Development Bank ◽  
Longitudinal Dimension ◽  
Enterprise Risk ◽  
The Status ◽  
China Development ◽  
Business Framework

Since reformed into a commercial bank in 1998, China Development Bank Co needs to strengthen risk management in the new market environment. This paper presents the meaning of China Development Bank Co's Enterprise risk management (ERM) firstly, based on which analyzing the status of risk management of China Development Bank Co's main businesses, and constructing three-dimensional framework of China Development Bank Co's main businesses ERM: the horizontal dimension is the base of ERM, the longitudinal dimension is the ERM process, the vertical dimension is ERM structure. Keywords: ERM; main business; framework

China Development Bank

2018 ◽  
Author(s):  
Qiyuan Xu
Keyword(s):  
Transition Economy ◽  
National Development ◽  
Credit System ◽  
Development Bank ◽  
The World ◽  
Government Credit ◽  
The Government ◽  
Financing Infrastructure ◽  
China Development ◽  
China’S Economy

Established in 1994, the China Development Bank was soon on the verge of bankruptcy, but then it miraculously recovered in early 2000s. Now with total assets of USD 1.85 trillion, CDB ranks as one of the largest and most dynamic national development banks in the world. This chapter explores in detail the CDB’s role in light of China’s transition economy. CDB is a key contributor to the establishment of an adequate local government credit system and a facilitator for infrastructure construction. Therefore, CDB’s role goes beyond financing infrastructure. It is above all a shaper of the government credit system, and one of the starting points for understanding China’s economy.

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