Chinese bank comes to Europe to seek adviceJanuary 2011
The China Development Bank, which is the largest Chinese financial institution engaged in overseas investment, has sent a delegation of senior executives on a two-week study tour to Europe to look at best practice on corporate social responsibility and sustainable finance.
The tour, which was partly organized with help from the United Nations Environment Programme Finance Initiative (Unepfi), was set up to cover a wide range of sustainable finance topics - including climate change, carbon finance, energy efficiency, renewable energy financing, ethical project lending, and more general CSR and corporate governance subjects.
Unepfi said the trip involved 'peer-to-peer exchanges with European counterparts, site visits, lectures and interactive debates'.
Over the past decade, the state-controlled China Development Bank has released an accumulated total of 1.6 trillion yuan (£154billion, €182bn) in loans for more than 4000 projects, mainly in the field of infrastructure.
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