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 was created by a debt-to-equity swap in which non-performing loans were converted into shares. In 2010, the corporation became a company limited by shares.[2]
In 2013, some of the shares in Cinda were floated on the Hong Kong Stock Exchange. In 2015 Cinda acquired the Nanyang Commercial Bank from fellow state-controlled financial conglomerate the 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: 0661, 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)
External links
References
- 2015 Annual Report 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 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 China Cinda Press Release, 2015-12-18, retrieved 2019-01-14^
- 腾讯网. 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, 2025-02-24, retrieved 2025-02-24^
- 2015 Annual Report Daye Non-Ferrous Metals Mining, 27 April 2016, retrieved 16 October 2016^