Large, state-controlled lenders ChinaDevelopmentBank Corp. and Export-Import BankofChina are planning to pitch dim-sum bonds in London to investors, said people familiar with the matter.
Meanwhile, the state-controlled ChinaDevelopmentBank is said to be negotiating a takeover of Shenzhen DevelopmentBank, one of the few financial institutions controlled by foreigners.
Over the past few years, state-owned financial institutions, mainly the Export-Import BankofChina and the ChinaDevelopmentBank, have extended tens of billions of dollars to Brazil, Russia and Kazakhstan, among other countries.