China Cinda Asset Management
Native name | 中国信达资产管理股份有限公司 |
|---|---|
| Formerly | China Cinda Asset Management Corporation |
| Company type | State-owned enterprise |
| Industry | Financial services |
| Founded | 1999 |
| Headquarters | No. 1 Building, 9 Naoshikou Street, Xicheng District, Beijing , China |
Area served | China |
Key people |
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| Services | |
| Revenue | CN¥78.7 billion (2015) |
| CN¥19.3 billion (2015) | |
| CN¥14.0 billion (2015) | |
| Total assets | CN¥714.0 billion (2015) |
| Total equity | CN¥101.7 billion (2015) |
| Owner |
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| Parent | Ministry of Finance of China |
| Subsidiaries | Cinda Securities |
| Website | www |
| Footnotes / references in a consolidated basis | |
| China Cinda Asset Management Co., Ltd. | |||||||
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| 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 | ||||||
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| China Cinda | |||||||
| Simplified Chinese | 中国信达 | ||||||
| Traditional Chinese | 中國信達 | ||||||
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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".
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).
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.