 | |
| 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 |
| Traded as | |
| Industry | Financial services |
| Founded | 1999; 25 years ago (1999) |
| Headquarters | No. 1 Building, 9 Naoshikou Street, Xicheng District, Beijing, China |
| Area served | China |
| Key people |
|
| Services | |
| Revenue |  CN¥78.7 billion (2015) |
| Operating income | CN¥19.3 billion (2015) |
| Net income | 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 | |
| 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. 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".
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 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).
Portfolio companies
- Baiyin Nonferrous (5.38%)
- China Unicom (via private equity fund)
- Daye Non-Ferrous Metals Mining (SEHK: 661, 5.24%)
- Fenxi Mining Industry Group
- Jincheng Anthracite Mining Group (17.066%)
- Huozhou Coal Electricity Group (36.97%)
- Taiyuan Coal Gasification Group (11.15%)
- Xishan Coal Electricity Group (35.47%)
- SouthGobi Resources (through Novel Sunrise)
References
- "2015 Annual Report" (PDF). China Cinda. archive of Hong Kong Stock Exchange. 28 April 2016. Retrieved 13 October 2016.
- "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.
- "BOCHK realises HK$30 billion profit from Nanyang sale". SCMP. 2016-05-30. Retrieved 2019-01-14.
- "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.
- "China to merge three major asset managers into China Investment Corp -Xinhua". Reuters. 2024-01-29.
- "2015 Annual Report" (PDF). Daye Non-Ferrous Metals Mining. 27 April 2016. Retrieved 16 October 2016.