 | |
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 |
|
| 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 |
|
| Parent | Ministry of Finance of China |
| Subsidiaries | Cinda Securities |
| Website | www |
| 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 | ||||||
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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.
Contents
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 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]