Hints and tips:
...CDB Leasing, another SOE, holds the record, having pre-sold 85 per cent of its $800m deal in June to cornerstones....
...But people with knowledge of CDB’s plans said on Tuesday that the Chinese state-owned lender had changed its mind, presenting a major obstacle to completion of the deal.”...
...This is where CDB springs into action....
...China Development Bank, one of the country’s largest state-owned banks, is emerging as an increasingly active overseas investor, using its $10bn CDB capital fund to take stakes in private equity and hedge...
...CDB, which owns 3 per cent of Barclays, is investing just £136m in the latest offering, while Temasek is investing up to £200m. The bank did not hold talks with any other sovereign wealth funds....
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