Jul 01, 2023 06:04 AM

FINANCE

Exclusive: CDB Seeks to Offload Financial Leasing Unit

By Li Rongqian, Bao Zhiming and Han Wei

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CDB’s attempted sale of the leasing arm is part of the policy lender’s effort to refocus on its core business

CDB’s attempted sale of the leasing arm is part of the policy lender’s effort to refocus on its core business

China Development Bank, the country’s largest policy lender, is in talks for a potential sale of its financial leasing unit to a Shenzhen-based state investor, multiple sources told Caixin.

CDB has been trying to offload China Development Bank Financial Leasing Co. Ltd. (CDB Leasing) for years, a person familiar with the matter said. “The price is likely the key focus of the negotiations,” the person said.

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