China Cinda Asset Management

China Cinda
Native name
中国信达资产管理股份有限公司
FormerlyChina Cinda Asset Management Corporation
Company typeState-owned enterprise
IndustryFinancial services
Founded1999; 25 years ago (1999)
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
Websitewww.cinda.com.cn Edit this at Wikidata
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
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó xìndá zīchǎn guǎnlǐ gǔfèn yǒuxiàn gōngsī
China Cinda
Simplified Chinese中国信达
Traditional Chinese中國信達
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó xìndá

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".[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 January 2024, it was announced that Cinda would be merged with China Orient Asset Management and China Great Wall Asset Management to create China Investment Corp (CIC).[5]

  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. ^ "China to merge three major asset managers into China Investment Corp -Xinhua". Reuters. 2024-01-29.