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  • Events | 4 March, 2013 (17:19)

    China Development Bank — the most powerful bank in the world?

    Few people outside of China have even heard of it, but China Development Bank may be the world’s most powerful financial institution in the world, argue award-winning Bloomberg News reporters Henry Sanderson and Michael Forsythe. The bank, led for the past 15 years by Chen Yuan, son of one of the PRC’s founding fathers, is the enabler of the government’s policies both at home and abroad, having invented the system of local finance that helped China weather the global financial crisis and lending billions of dollars in Latin America, Africa and Asia to power the global expansion of China’s biggest companies and to secure energy supplies.

    DATE: Mar 21 (Thursday)
    TIME: 10:30am-12:00pm
    VENUE: Embassy of the Czech Republic. 2 Ritan Lu, Jianguomenwai
    ENTRANCE: free to FCCC members, 80 RMB on the door to non-members
    REGISTRATION: email fcccadmin@gmail.com

    Henry Sanderson has been a Beijing-based reporter for Bloomberg News since April 2010. Prior to that, he was a reporter for the Associated Press in Beijing and Dow Jones in New York. He is a graduate of the University of Leeds (with a BA in Chinese and English literature) and Columbia University (with an MA in East Asian Studies).

    Michael Forsythe has been a reporter and editor for Bloomberg News since 2000. Prior to that, he was an officer in the United States Navy for seven years. Since returning to Beijing in 2009, Mike has focused on policy and politics. He is a graduate of Georgetown University (with a BA  in international economics) and Harvard University (with an MA in East Asian regional studies).