China Cinda Asset Management

China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese merchant bank and asset management company. The corporation was founded as a state-owned enterprise and a bad bank for China Construction Bank in 1999. The bank received shares by debt-to-equity swap on non-performing loans. In 2010, the corporation became a "company limited by shares" (Chinese: 股份有限公司).[2]

China Cinda
Formerly
China Cinda Asset Management Corporation
public
Traded as
IndustryFinancial services
Founded1999
HeadquartersNo. 1 Building, 9 Naoshikou Street, Xicheng District,
Beijing
,
China
Area served
China
Key people
  • Hou Jianhang (Chairman of the Board of Directors)
  • Gong Jiande (Chairman of the Supervisory Board)
  • Zang Jingfan (CEO)
Services
RevenueIncrease CN¥78.7 billion (2015)
Increase CN¥19.3 billion (2015)
Increase CN¥14.0 billion (2015)
Total assetsIncrease CN¥714.0 billion (2015)
Total equityIncrease CN¥101.7 billion (2015)
Owner
ParentMinistry of Finance of China
SubsidiariesCinda Securities
Websitecinda.com.cn
Footnotes / references
in a consolidated basis[1]
China Cinda Asset Management Co., Ltd.
Simplified Chinese中国信达资产管理股份有限公司
Traditional Chinese中國信達資產管理股份有限公司
China Cinda
Simplified Chinese中国信达
Traditional Chinese中國信達

In 2013, part of the shares were started to float on Hong Kong Stock Exchange. In 2015 Cinda acquired Nanyang Commercial Bank from fellow state-controlled financial conglomerate Bank of China (Hong Kong).[3][4]

Portfolio companiesEdit

ReferencesEdit

  1. ^ "2015 Annual Report" (PDF). China Cinda. archive of Hong Kong Stock Exchange. 28 April 2016. Retrieved 13 October 2016.
  2. ^ "中国东方资产管理股份有限公司成立" [The establishment of China Orient Asset Management Co. Ltd.] (in Chinese). chinanews.com. 30 August 2016. Retrieved 13 October 2016.
  3. ^ "BOCHK realises HK$30 billion profit from Nanyang sale". SCMP. 2016-05-30. Retrieved 2019-01-14.
  4. ^ "Major Transaction Acquisition of all the Issued Shares of Nanyang Commercial Bank, Limited" (PDF). China Cinda Press Release. 2015-12-18. Retrieved 2019-01-14.
  5. ^ "2015 Annual Report" (PDF). Daye Non-Ferrous Metals Mining. 27 April 2016. Retrieved 16 October 2016.

External linksEdit