CDIB Capital Group, formerly China Development Corporation and later China Development Industrial Bank, was the first private development-oriented financial institution in Taiwan. It was established in 1959 through the coordinating efforts of the Economic Stabilization Committee of the Executive Yuan, the World Bank and private funding. In 1999, it was restructured to become an industrial bank. In its more than 50 years of history, CDIB Capital Group has concentrated on the principal investment and corporate banking business. It has invested in and provided financial services to domestic and overseas clients in over 100 industries, and it continues to play a critical role in Taiwan’s venture capital market.
CDIB Capital Group has long worked in close partnership with the Taiwanese government to support the nation’s economic growth. It has not only made a significant contribution to the nation’s economic and industrial development, but has also played the role as a pioneer among local investment banks. The evolution of Taiwan’s industrial structure is neatly encapsulated in the changes of CDIB Capital Group’s investment and credit portfolio. CDIB Capital Group invested in traditional textiles and petrochemicals industries in the 60s and 70s; it shifted its focus in the 80s and 90s to foster high-tech industries, such as the electronics and information technology industry, and the semiconductor industry. From 2000, CDIB Capital Group has been actively involved in industries such as optoelectronics, alternative energy, medical and healthcare as well as consumer goods. The investment history of CDIB Capital Group virtually reflects well the history of Taiwanese industrial and economic development.
On May 1, 2015, CDIB Capital Group's corporate banking and financial market operations were transferred to KGI Bank. Upon completion of this transfer, CDIB Capital Group fully focuses on its venture capital and private equity fund businesses in Taiwan, mainland China, and the Asia-Pacific, with a view to increasing fee revenue. CDIB Capital Group also proactively engages with the group's restructuring plan to gradually dispose of investment positions and enlarge the size of managed equity funds, with the aim of becoming a leading private equity fund manager in the Asia-Pacific region. With its business transformation and associated change of name being approved by the Financial Supervisory Commission, R.O.C., China Development Industrial Bank has been officially renamed CDIB Capital Group upon the business transformation on March 15, 2017 to focus on the core business activities in fundraising and venture capital investment. CDF has tailored its business operation to provide a full range of integrated financial services through three major subsidiaries: KGI Bank, KGI Securities and CDIB Capital Group.
In recent years, to coordinate with government policies in upgrading the financial industry, CDIB Capital Group has been leveraging its strengths and experience accumulated over the years assisting companies in Taiwan and has actively engaged in fundraising and management of private equity funds. CDIB Capital Group strives toward becoming a world-class private equity fund manager based in the Asia-Pacific Region.