untitled

China Development Bank International Investment Limited Annual Report 2016 China Development Bank International Investment Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1062) Annual Report 2016 國開國際投資有限公司 二零一六年報 年報 2016 1062 國開國際投資有限公司

2 4 5 11 25 28 37 41 44 48 49 50 51 52 94 1

1 2 1 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 8 4506-4509 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 1. 2. 2

183 22 22 Conyers Dill & Pearman 18 47 4702 Vistra Management (Hong Kong) Limited 33 19 1062 www.cdb-intl.com www.irasia.com/listco/hk/cdbintl 3

4

8,9791.1326 3,460 1925 9,6629,837 1,5351,923 13.0686 12.21523.09 3.90 100,000,000 1.65% 1.0875 7.4858 5

1 194,987,520 254,764,255 218,000,293 36,763,962 59,776,735 19% Jolly Investment Limited Jolly 2 195,000,000 224,640,000 29,640,000 29,640,000 17% 3 234,000,000 263,874,000 29,874,000 29,874,000 20% Spruce 4 200,460,000 200,951,790 491,790 491,790 15% G7 Networks Limited G7 5 195,000,000 195,012,769 12,769 12,769 15% 1,019,447,520 1,139,242,814 218,000,293 96,782,521 119,795,294 87% 6

1. 20% 2. Jolly 21.74% 3. 0.96% 4. Spruce 1.51% 5. G7 8.33% G7 Spruce G7 Spruce G7 G7 2,500G7 7

G73 30G7 G7 Spruce Spruce 2,570 Spruce Spruce Spruce Spruce 3,000 Jolly Jolly31,448 Jolly2,500 Jolly 7,245 Jolly23.04% JollyJolly Jolly 8

11,90413,096 23.81% 26.19% * 26,809 13,404 5,2504.095 13,40513,405 20% 1,388 1,981 7 6 456 799 17.4287.96 0.65%0.93% * 9

10

24 14 24 48 5 8,9791.1326 9,678 9,797 1,923 1,535 8,507 1.1830 11

34,597,808 (100%) (163,785) 400,496 (141%) 96,782,521 97,966,455 (1%) (15,346,143) (19,229,243) (20%) 193,961 250,913 (23%) 85,072,530 118,298,132 (28%) 0.031 0.039 (21%) 108,751,139 748,578,554 (85%) 0.45 0.42 7% 17.42 87.96 (80%) 1 2 3 10 3.2 12

41 43 23 13

94 36 183 22 13 206 14

2021 23(b) 1,139,890,919 1,036,550,871 88 25 27 15

9 XV 352 16

336 1 1,920,000,000 66.16% 1 1,920,000,000 66.16% 1 1,920,000,000 66.16% 2 163,702,560 5.64% 2 163,702,560 5.64% 1. 2. 336 17

(a) 0.2% 5 (b) (c) 18

21 350,000 350,000 14.08 350,000 5%14A 14A.76 14A.56 (a) (b) (c) (d) 19

14A.55 (a) (b) (c) 100,000,000 1.65% 66.16% 14A(i) (ii) 14A.90 14A 21 17.07 17.09 1. 2. 20

3. 64,711,400 2.23% 4. 12 1% 5. 630 6. 6 7. 10 8. 9. 5 10. 10 21

2836 69 Natixis 100,000,000 180,000,000 (a) AA AA 100,000,000 (b) BB BBA 80,000,000 (A) A(1) 50% (2)50%(3) (B) A 22

A 100,000,000 3.13 23

24

40 46 : 376 INSEAD 34 25

65 1229 A 600874 H 1065 A 601998 H 998A 000488 B 200488 H 1812 205 59 000001 1288 Société Générale S.A. SocGen 26

56 1206 229 5631387 6868 12051296 220 2882 112 1868 1811 27

25 27 28

33.13 29

14 3 7/7 100% 4/7 57.14% 7/7 100% 7/7 100% 7/7 100% 7/7 100% 6/7 85.71% A.2.1 30

3.21 3/3 100% 3/3 100% 3/3 100% 31

1/2 50% 2/2 100% 2/2 100% (a) (b)(c) (d) 32

1/1 100% 1/1 100% 1/1 100% 420,000 95,400 950,000 782,000 1. 2. 3. 33

F.1.3 3.29 15 3.29 3.2915 3.2915 34

58 (2) (21) (i) (ii) (iii) (iv) (v)(vi) 84506-4509 89 (i) (ii) (7) (7) (i) 35

(ii) (iii) (iv) 13.51(2) 7 10 (i) (ii) (iii) (iv) 1/1 100% 0/1 0% 1/1 100% 1/1 100% 0/1 0% 1/1 100% 1/1 100% 88 2,902,215,360 0.01 37 40 36

(i) (ii) (iii) 37

Treadway COSO 38

C2.6 39

40

41

42

43

48 93 44

3 2.8 3.4 15 11.39 3 3 45

46

47

6 34,597,808 3.4 96,618,736 98,366,951 8 (15,346,143) (19,229,243) 81,272,593 113,735,516 193,961 250,913 3,605,976 4,311,703 85,072,530 118,298,132 7 4,719,978 (5,037,084) 89,792,508 113,261,048 (4,452,800) (4,383,767) (4,452,800) (4,383,767) 85,339,708 108,877,281 12 3.09 3.90 12 3.09 3.90 52 93 48

13 14 67,112,795 70,777,676 15 1,139,242,814 218,000,293 16 195,000,000 1,206,355,609 483,777,969 15 163,785 343,809 490,971 17 108,751,139 748,578,554 109,094,948 749,233,310 1,315,450,557 1,233,011,279 20 29,022,154 29,022,154 1,277,838,295 1,192,498,587 1,306,860,449 1,221,520,741 19 2,325,834 2,972,962 18 6,264,274 4,097,594 4,419,982 6,264,274 8,517,576 8,590,108 11,490,538 1,315,450,557 1,233,011,279 25 0.45 0.42 48 93 52 93 49

29,022,154 1,043,800,995 382,880,958 15,486,918 270,200 (358,817,765) 1,112,643,460 113,261,048 113,261,048 (4,383,767) (4,383,767) (4,383,767) 113,261,048 108,877,281 29,022,154 1,043,800,995 382,880,958 11,103,151 270,200 (245,556,717) 1,221,520,741 89,792,508 89,792,508 (4,452,800) (4,452,800) (4,452,800) 89,792,508 85,339,708 29,022,154 1,043,800,995 382,880,958 6,650,351 270,200 (155,764,209) 1,306,860,449 166INGING INGING 52 93 50

85,072,530 118,298,132 (193,961) (250,913) (3,605,976) (4,311,703) (96,618,736) (98,366,951) 147,162 (195,284,461) 2,166,680 1,256,631 (13,032,301) (178,659,265) (347,132) (156,623) (13,379,433) (178,815,888) 193,961 250,913 14 2,818,057 1,566,234 510,675,836 (629,460,000) (626,447,982) 512,492,983 (639,827,415) 333,677,095 17 748,578,554 414,901,459 17 108,751,139 748,578,554 52 93 51

1 24 2 2.1 622 4 52

2 2.2 (a) 1 (b) 7 12 15 9 22 16 10 28 53

2 2.2 (b) 9 9 9 399 15 9 54

2 2.2 (b) 39 39 15 9 9 2.3 2.3.1 55

2 2.3 2.3.1 (a) 39 56

2 2.3 2.3.1 (b) (c) 2.3.2 57

2 2.4 20% 50% 58

2 2.4 3939 2.8 2.5 2.6 (a) (b) 59

2 2.6 (b) (c) (i) (ii) (iii) 60

2 2.7 3 3 2.8 2.8.1 (a) 61

2 2.8 2.8.1 (a) (i) (ii) (b) 12 2.10 2.11 62

2 2.8 2.8.2 2.9 63

2 2.9 2.10 2.9 2.11 2.12 64

2 2.13 (a) (b) 65

2 2.13 (c) 2.14 (i) (ii) 2.15 66

2 2.16 (a) (b) 2.17 2.18 2.19 67

3 3.1 163,785 1,139,242,814 218,000,293 1,139,242,814 218,164,078 108,751,139 748,578,554 343,809 490,971 109,094,948 749,069,525 3.2 (i) 68

3 3.2 (i) 10% 1.13922,180 (ii) (iii) 69

3 3.3 3.4 70

3 3.4 i) 254,764,255 218,000,293 12.12% 2.5% 7,189,262 4,338,191 55.73% 10% 4,520,834 4,434,715 ii) 263,874,000 8.09% 2.5% 11,466,000 12,246,000 50.81% 10% 9,594,000 4,602,000 71

3 3.4 iii) Jolly Investment Limited 224,640,000 11.28% 2.5% 14,820,000 16,380,000 49.62% 10% 27,300,000 17,940,000 iv) Spruce 200,951,790 7.05% 2.5% 10,917,639 12,309,869 43.48% 10% 5,207,846 5,917,207 72

3 3.4 v) G7 Networks Limited 195,012,769 10.43% 2.5% 11,237,765 12,592,107 52.12% 10% 352,676 22,164 73

3 3.4 1,139,242,814 1,139,242,814 218,164,078 218,164,078 74

3 3.4 630,472,963 400,496 97,966,455 98,366,951 728,839,914 (510,675,836) 218,164,078 218,164,078 (163,785) 96,782,521 96,618,736 314,782,814 629,460,000 195,000,000 824,460,000 1,139,242,814 96,618,73698,366,951 75,219,530 75

4 3.4 76

5 6 34,597,808 34,597,808 77

7 16.5% 4,419,982 347,132 156,623 (4,419,982) (4,072,850) 4,576,605 19 (647,128) 460,479 (4,719,978) 5,037,084 85,072,530 118,298,132 16.5%16.5% 14,036,967 19,519,192 634,517 533,683 (18,836,498) (21,315,413) (594,986) (711,431) 4,761,634 163 (8,368,998) (1,634) 14,762,786 (647,128) 460,479 347,132 156,623 (4,419,982) (4,719,978) 5,037,084 78

8 9 400,000 400,000 4,371,090 7,701,958 188,700 284,952 950,000 1,028,000 1,297,400 747,950 350,000 350,000 4,653,731 4,838,379 3,135,222 3,878,004 15,346,143 19,229,243 1,413,435 1,073,701 79

9 622 383 622G 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 400,000 400,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 400,000 400,000 80

9 622383 622G 1,475,8812,027,000 1,939,0381,513,2622,093,351 1,772,777 (a) (b) (c) (d) 81

10 9 2,791,625 5,218,677 78,312 194,591 2,869,937 5,413,268 1,000,000 5 2 1,000,001 1,500,000 2 1,500,001 2,000,000 1 5 5 11 82

12 89,792,508 113,261,048 2,902,215,360 2,902,215,360 3.09 3.90 3.09 3.90 13 401,733 357,522 759,255 (401,733) (357,522) (759,255) 759,255 759,255 83

14 70,777,676 72,415,974 3,605,976 4,311,703 (2,818,057) (1,566,234) (4,452,800) (4,383,767) 67,112,795 70,777,676 25% 25% 25% 25% China Property Development 33.42% 33.42% 20.49% 20.49% (Holdings) Limited China Property Development (Holdings) Limited China Property Development (Holdings) LimitedCPDH 84

14 CPDH 540,418,086 645,151,736 21,737,586 23,385,749 562,155,672 668,537,485 (331,958,256) (413,619,061) (20,653,090) (22,711,424) (352,611,346) (436,330,485) 129,739,313 89,174,456 129,739,313 89,174,456 (71,197,714) (38,497,865) (71,197,714) (38,497,865) 267,001,429 282,209,266 1,084,496 674,325 268,085,925 282,883,591 CPDH 751,652,808 928,123,520 751,652,808 928,123,520 14,477,893 21,571,069 410,171 (877,031) 14,888,064 20,694,038 13,875,587 19,805,621 410,171 (877,031) 14,285,758 18,928,590 13,875,587 19,805,621 410,171 (877,031) 14,285,758 18,928,590 2,818,057 1,566,234 2,818,507 1,566,234 85

14 CPDH 282,209,266 287,590,044 674,325 1,551,358 282,883,591 289,141,402 13,875,587 19,805,621 410,171 (877,031) 14,285,758 18,928,590 (11,272,227) (6,264,936) (11,272,227) (6,264,936) (17,811,197) (18,921,463) (2) (17,811,197) (18,921,465) 267,001,429 282,209,266 1,084,496 674,325 268,085,925 282,883,591 25% 33.42% 25% 25% 33.42% 33.42% 66,750,357 70,552,317 362,438 225,359 67,112,795 70,777,676 15 163,785 (i) (iii) (iv) (v) 914,602,814 218,000,293 (ii) 224,640,000 1,139,242,814 218,164,078 1,139,242,814 218,000,293 163,785 1,139,242,814 218,164,078 86

15 3.4 (i) 24,998,400 194,987,52011,904 23.81% 20% 13% 254,764,255 218,000,293 (ii) Jolly Investment LimitedJolly 25,000,000 195,000,000 Jolly 7,245 Jolly 23.04% Jolly 21.74% Jolly 12% Jolly224,640,000 (iii) 30,000,000 234,000,000 3,317,010 0.96% 87

15 12% 263,874,000 (iv) Spruce 25,700,000 200,460,000Spruce 34,441,169 Spruce1.51% Spruce 120% Spruce Spruce200,951,790 (v) Excellent Fleet Limited G7 Networks LimitedG7 Networks 25,000,000 195,000,000 G7 Networks 1,986,008G7 Networks 8.33% G7 Networks 12% G7 Networks 16 G7 Networks 195,012,769 Jolly 88

17 106,282,216 677,486,482 2,468,923 71,092,072 108,751,139 748,578,554 0.90%0.70% 1.20% 56,773,197 543,319,868 49,545,486 203,829,043 2,432,456 1,429,643 108,751,139 748,578,554 18 6,264,274 4,097,594 19 2,512,483 7 460,479 2,972,962 7 (647,128) 2,325,834 73,952,31162,560,203 89

20 2,902,215,360 29,022,154 2,902,215,360 29,022,154 21 (a) (b) 100,000,000 1.65% 1,544,984 5,618,677 27,000 194,591 1,571,984 5,813,268 (c) 90

22 1 64,711,400 1%10 (a) (b) (c) 91

23 (a) 10 10 944,230,045 218,000,293 214,709,697 19,709,705 195,000,000 1,158,939,752 432,710,008 163,785 343,809 372,592 108,751,139 748,578,554 109,094,948 749,114,931 1,268,034,700 1,181,824,939 6,264,274 4,097,594 4,419,982 92,587,153 107,464,138 98,851,427 115,981,714 29,022,154 29,022,154 (a) 1,140,161,119 1,036,821,071 1,169,183,273 1,065,843,225 1,268,034,700 1,181,824,939 92

23 (b) 1,043,800,995 270,200 (134,469,466) 909,601,729 127,219,342 127,219,342 1,043,800,995 270,200 (7,250,124) 1,036,821,071 103,340,048 103,340,048 1,043,800,995 270,200 96,089,924 1,140,161,119 24 Pacific Equity Venture Inc. 11 100% Kencheers Investments Ltd. 11 100% Excellent Fleet Limited 1 1 100% 25 1,306,860,4491,221,520,741 2,902,215,360 2,902,215,360 26 93

34,597,808 52,727,655 27,676,408 1,018,899 85,072,530 118,298,132 48,950,161 20,458,829 (8,264,546) 5,783 28,088 67,112,795 70,777,676 72,415,974 71,343,476 65,052,387 37,133,167 1,139,242,814 218,000,293 196,342,657 503,302,461 205,395,356 195,000,000 1,206,355,609 483,777,969 268,758,631 574,651,720 307,608,998 163,785 434,130,306 32,065,404 36,970,473 343,809 490,971 206,510 23,262,904 634,874 108,751,139 748,578,554 414,901,459 442,728,651 716,941,605 109,094,948 749,233,310 849,238,275 498,056,959 754,546,952 (6,264,274) (4,097,594) (2,840,963) (6,284,812) (11,193,752) (4,419,982) 102,830,674 740,715,734 846,397,312 491,772,147 743,353,200 1,309,186,283 1,224,493,703 1,115,155,943 1,066,423,867 1,050,962,198 (2,325,834) (2,972,962) (2,512,483) (2,121,295) (1,504,495) 1,306,860,449 1,221,520,741 1,112,643,460 1,064,320,572 1,049,457,703 29,022,154 29,022,154 29,022,154 29,022,154 29,022,154 1,277,838,295 1,192,498,587 1,083,621,306 1,035,298,418 1,020,435,549 1,306,860,449 1,221,520,741 1,112,643,460 1,064,320,572 1,049,457,703 94