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1225950

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Standard Chartered Bank: Hong Kong
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, what assessment she has made of the effect of Standard Chartered Plc endorsement of the Government of China’s proposed security law for Hong Kong on the future of CDC's partnership with that company.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76089
answer	answer is ministerial correction date of answer 23/07/2020 answer text <p>The UK Government speaks regularly with international financial services firms about a range of issues. It is for individual companies to make their own judgements. We have made our own position very clear on China's proposal to impose national security legislation on Hong Kong.</p><p>CDC has a successful partnership with Standard Chartered focused on delivering development impact at scale in Africa and South Asia. For example, during the Ebola crisis CDC’s partnership with Standard Chartered helped provide vital working capital to businesses struggling to pay wages and meet operating expenses when the economy was seizing up.</p><p>Now, during the COVID-19 crisis CDC’s trade and supply chain finance partnerships with Standard Chartered are providing much needed liquidity to businesses in sub-Saharan Africa and South Asia. Being a counter-cyclical investor supporting local businesses during the crisis forms a central element of CDC’s COVID-19 response.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 23/07/2020 10:14:11 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225951

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Hospitals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, pursuant to the Answer of 9 June 2020 to Question 54991 on CDC Group: Hospitals, what the total initial investment value into those hospitals was.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76090
answer	answer is ministerial correction date of answer 22/07/2020 answer text <p>The total initial investment value of these investments was approximately $190 million.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 22/07/2020 15:58:39 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225952

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Private Equity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, how much the CDC Group has invested via private equity funds in each of the last five years.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76091
answer	answer is ministerial correction date of answer 01/09/2020 answer text <p>CDCs invests through Private Equity Funds to provide growth capital to companies in Africa and South Asia to create jobs and transform economies, focussing on the small and mid-size companies that face the biggest financing gap.</p><p>CDC's backing for Fund managers helps promote the adoption of higher Environmental, Social and Governance standards and support the development of self-sustaining local finance markets.</p><p>In the last five years CDC made new investment commitments to private equity funds of:</p><ul><li>2015 - £238m</li><li>2016 - £289m</li><li>2017 - £273m</li><li>2018 - £311m</li><li>2019 - £284m.</li></ul> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 01/09/2020 08:07:58 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225953

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Tax Havens
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, how many and what proportion of CDC's investments in which it owns more that 20 percent are based in tax havens.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76092
answer	answer is ministerial correction date of answer 23/07/2020 answer text <p>Wherever possible, CDC invests directly into the country in which an investee company is located. If CDC invests through an intermediate country, it does so only if the country is compliant with international tax transparency standards as monitored by the OECD’s Global Forum on Transparency and Exchange of Tax information. CDC publishes the overall tax contribution of its portfolio; the principal countries in which each investee company pays taxes; the place of incorporation; and the legal domicile of each business or collective investment vehicles in which they invest.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 23/07/2020 10:15:48 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill