The China Development Bank published its 2007 social responsibility report just before the listing of its holding company.<\/p>\n
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.<\/p>\n
To ensure the authenticity and reliability of the report, China Development Bank has invited Det Norske Veritas to examine and verify the report.<\/p>\n
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.<\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
The China Development Bank published its 2007 social responsibility report just before the listing of its holding company.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[2715,1595,2085,77,2711,36,2714,1437,2713,2710,1382,2712,582,1379],"class_list":["post-3290","post","type-post","status-publish","format-standard","hentry","category-business","tag-banking-regulation","tag-cdb","tag-china-banking-regulatory-commission","tag-china-development-bank","tag-det-norske-veritas","tag-global-compact","tag-high-capital-maintenance","tag-ipo","tag-listing","tag-social-responsibility-report","tag-state-owned-assets-supervision-and-administration-commission","tag-subprime-loan","tag-un","tag-united-nations-global-compact"],"acf":[],"yoast_head":"\n