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CDIB pioneered venture capital and investment banking
in Taiwan and today it remains the predominant leader
in venture capital business in Taiwan with a market
share of over 30%. Along with Taiwan’s industrial
development, CDIB has built up a wealth of experience
in high-tech investment while its investment overseas
has extended to the US, Japan, Korea and S.E. Asia.
CDIB traces its origins back to 1959 with the establishment
of the China Development Corporation under the auspices
of the World Bank and the Economic Stabilization Committee
of the cabinet of the ROC, that is, the Executive Yuan.
This institution, later renamed CDIB, brought together
public and private-sector resources to create Taiwan's
first privately chartered financial institution that
specialized in direct investment and financing to institutions
and corporations. Near 50 years later, CDIB continues
to be the predominant leader of the direct investment.
In 1984, CDIB began developing the investment banking
business, enabling CDIB’s operations to expand
beyond venture capital and lending to include project
finance, financial advisory, securities underwriting,
and real estate development. CDIB has played an important
role in government’s infrastructure projects and
privatization plans. For example, CDIB was the financial
advisor for the Taipei Mass Rapid Transit system and
also for the privatizations of China Steel and Chung
Hwa Telecom.
As the predominant leader in direct investment and
corporate financier for over 40 years, CDIB has made
significant contributions to national economic and industrial
development. CDIB’s lending and investment portfolio
mirrors the evolution and upgrading of Taiwan’s
industrial structure. From financing the traditional
industries, primarily petrochemicals and textiles in
the 1960’s and 1970’s, CDIB’s focus
since the 1980’s shifted toward actively investing
in high-tech industries, mainly electronics, computers,
semiconductors, telecommunications and biotechnology.
Meanwhile, CDIB had also expanded its investment overseas
to include markets such as the US, Japan, Korea and
South East Asia.
CDIB’s success is evident not only from the
lucrative returns generated from these high-tech investment
but moreover, CDIB’s invested companies account
for a large percentage of Taiwan’s listed technology
stocks, covering almost all sector leaders in the IT
industry – TSMC and UMC of the semiconductor foundries,
Acer and Asustek of PC hardware, notebook manufacturer
Compal and TFT-LCD manufacturer AU Optronics, to name
just a few.
CDIB became a wholly owned subsidiary of China Development
Financial Holding (CDFH) Corporation through a 1:1 share
swap in 2001. This transformation allows CDIB to expand
additional business opportunities through cooperation
and integration with other members of the CDFH’s
group of companies, including Grand Cathay Securities
Corporation (GCSC).
By implementing corporate restructuring and integration
of internal operations, management focuses on organizational
flexibility, new business and product innovation and
the expansion of its distribution network. CDIB, together
with other CDFH group companies, aim to expand CDFH
into one of Asia’s leading investment banks offering
a fully integrated portfolio of services.
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