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 |
|
Parent | Ministry of Finance of China |
Subsidiaries | Cinda Securities |
Website | www |
Footnotes /references in a consolidated basis [1] |
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. 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]
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