The China Development Bank published its 2007 social responsibility report just before the listing of its holding company.
The report followed the Global Reporting Initiative Sustainable Development Guideline and the relative requirements of the State-owned Assets Supervision and Administration Commission and the China Banking Regulatory Commission.
To ensure the authenticity and reliability of the report, China Development Bank has invited Det Norske Veritas to examine and verify the report.
Despite the impact of subprime loans in the USA in 2007, CDB continued to develop well with total assets of nearly CNY2.9 trillion, a year-on-year increase of 25.1%. The report also says that CDB is the only central financial enterprise to have a high capital maintenance and increment ratio since 2001.
In December 2006, CDB applied to join the United Nations Global Compact, and is now still the only state-owned Chinese bank in the Global Compact.
