China Development announces 5-pronged plan to boost growth

Thursday, 16 February 2012 19:53

China Development Financial Holdings (CDFH) yesterday announced its strategy to lift return on equity (ROE) to 10-15 percent.

The company made the remarks during its quarterly investors' conference yesterday.

According to CDFH president Yang Wen-chun, the strategy consists of five parts, namely expansion of the firm's Chinese business, revenue growth, risk management and asset vitalization, expansion of operations, and introduction of new products.

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