The World’s Most Powerful Bank?

The world’s most powerful bank is one most people have probably never heard of. It’s not Goldman Sachs, JP Morgan, HSBC or Bank of America. According to this book, it is China Development Bank.

Henry Sanderson Beijing-based Bloomberg journalist and co-author of ‘China's Superbank: Debt, Oil and Influence - How China Development Bank is Rewriting the Rules of Finance’ discusses:

-- the CDB and how China's rise as a global economic superpower over the past decade is intricately tied to this bank

-- Chen Yuan, the Chairman of CDB since 1998, and the power and influence he wields

-- CDB's China-Africa Development Fund — China's largest private equity fund investing in Africa — and its attempts to stimulate manufacturing in Ethiopia, and CDB's lending to Ghana

-- CDB's work to secure a steady flow of oil and gas to China through loans-for-energy deals around the world, particularly to Venezuela

-- CDB's lines of credit that have helped new Chinese firms in telecom and alternative energy win significant global projects