China Cinda Asset Management
China Cinda Asset Management Co., Ltd., doing business as Cinda or China Cinda, is a Chinese distressed asset management company headquartered in Beijing.
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".[2]
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]
In February 2024, Cinda, along with China Orient Asset Management and China Great Wall Asset Management, was transferred from the Ministry of Finance to Central Huijin Investment.[5]
Portfolio companies
- Baiyin Nonferrous (5.38%)
- China Unicom (via private equity fund)
- Daye Non-Ferrous Metals Mining (SEHK: 661, 5.24%)[6]
- Fenxi Mining Industry Group
- Jincheng Anthracite Mining Group (17.066%)
- Huozhou Coal Electricity Group (36.97%)
- Taiyuan Coal Gasification Group (11.15%)
- Xishan Coal Electricity Group (35.47%)
- SouthGobi Resources (through Novel Sunrise)
References
- ^ "2015 Annual Report" (PDF). China Cinda. archive of Hong Kong Stock Exchange. 28 April 2016. Retrieved 13 October 2016.
- ^ "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.
- ^ "BOCHK realises HK$30 billion profit from Nanyang sale". SCMP. 2016-05-30. Retrieved 2019-01-14.
- ^ "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.
- ^ 腾讯网 (2025-02-24). "财政彻底退出，万亿资产无偿划转中央汇金，全牌照影子银行时代终结_腾讯新闻". news.qq.com (in Chinese (China)). Retrieved 2025-02-24.
- ^ "2015 Annual Report" (PDF). Daye Non-Ferrous Metals Mining. 27 April 2016. Retrieved 16 October 2016.
