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