China Development Financial Holding Corp., Ltd. (CDF) history, profile and corporate video
China Development Financial Holding Corp., Ltd. (CDF) is a diversified financial services company headquartered in Taipei, Taiwan.
China Development Corporation was established in 1959 as the first private development financial institution through the collective efforts of the Economic Stabilization Committee of the Executive Yuan, the World Bank, and private capital.
In 1999, China Development Corporation was restructured as an industrial bank. Renowned for direct investment service, China Development Industrial Bank (CDIB) had continued its way to support local industry.
In 2001, China Development Financial (CDF) was formally incorporated and launched its IPO on the Taiwan Stock Exchange.
In 2013, KGI Securities merged with Grand Cathay Securities, another subsidiary within CDF.
In 2014, Cosmos Bank became a subsidiary.
In January 2015, Cosmos Bank was reflagged as KGI Bank.
In May 2015, China Development Industrial Bank (CDIB) transferred its corporate banking and other financial businesses to KGI Bank.
In March 2017, CDIB transformed into CDIB Capital Group.
In September 2017, China Life became part of the Group.
SUBSIDIARIES
- CDIB capital Group – provides investment advisory services and customized private equity fund investment plans.
- KGI Securities – is one of the largest companies in the securities industry.
- KGI Bank – provides various financial services such as deposits, remittances, loans, payments, credit cards, investments and wealth management, as well as financial solutions for domestic and overseas corporates.
- China Life – is a life insurance company.
With more than 12,000 employees, China Development Financial Holding Corporation, Ltd. (CDF) is considered one of the largest financial companies in Asia. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.cdfholding.com/en.
**Video published on YouTube by “China Development Financial“.