China Cinda Asset Management

China Cinda
Formerly called
 China Cinda Asset Management Corporation
public
Traded as
Industry Financial services
Founded 1999
Headquarters No. 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
Revenue Increase CN¥78.7 billion (2015)
Increase CN¥19.3 billion (2015)
Profit Increase CN¥14.0 billion (2015)
Total assets Increase CN¥714.0 billion (2015)
Total equity Increase CN¥101.7 billion (2015)
Owner
Parent Ministry of Finance of China
Subsidiaries Cinda Securities
Website cinda.com.cn
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
China Cinda
Simplified Chinese 中国信达
Traditional Chinese 中國信達

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" (Chinese: 股份有限公司).[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).

Portfolio companies

References

  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. ↑ "2015 Annual Report" (PDF). Daye Non-Ferrous Metals Mining. 27 April 2016. Retrieved 16 October 2016.
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