Currently, China Cinda has 33 branches (including Hefei Support Base Management Center).
China Cinda Asset Management Co., Ltd. is a central financial enterprise [1].
China Cinda Asset Management Co., Ltd. was established with the approval of the State Council and is a state-owned enterprise with independent legal personality.
The business scope of China Cinda Asset Management Company includes: acquiring and operating non-performing assets in local and foreign currencies divested by financial institutions; recovering local and foreign currency debts; leasing or transferring or restructuring assets formed by acquired non-performing loans in local and foreign currencies;
Debt-to-equity conversion and periodic shareholding of enterprises; listing recommendations and bond and stock underwriting of companies within the scope of asset management; securitization of non-performing assets approved by relevant departments; issuance of financial bonds and borrowing from financial institutions; China Banking Supervision and Administration
Other businesses approved by regulatory agencies such as the Commission.
In July 2020, China Cinda Asset Management Co., Ltd. ranked 105th among Fortune China's 500 companies in 2020. The controlling shareholder of Happy Life Insurance is China Cinda Asset Management Co., Ltd. (now restructured into China Cinda Asset Management Co., Ltd.
company).
China Cinda Asset Management Company was established in Beijing on April 20, 1999 with the approval of the State Council. It is a wholly state-owned financial enterprise with independent legal personality and has a registered capital of 10 billion yuan.
The business scope of China Cinda Asset Management Company includes: acquiring and operating non-performing assets in local and foreign currencies divested by financial institutions; recovering local and foreign currency debts; leasing or transferring or restructuring assets formed by acquired non-performing loans in local and foreign currencies;
Debt-to-equity conversion and periodic shareholding of enterprises; listing recommendations and bond and stock underwriting of companies within the scope of asset management; securitization of non-performing assets approved by relevant departments; issuance of financial bonds and borrowing from financial institutions; China Banking Supervision and Administration
Other businesses approved by regulatory agencies such as the Commission.
On June 29, 2010, China Cinda Asset Management Company completed its commercial transformation.
Approved by the State Council and exclusively initiated by the Ministry of Finance, China Cinda Asset Management Co., Ltd. was established in Beijing on June 29, 2010 with a registered capital of RMB 25,155,096,932. The company is a non-bank financial institution.
In 2012, China Cinda Asset Management Co., Ltd. introduced four strategic investors: the National Council for Social Security Fund, UBS AG, CITIC Capital Financial Holdings Co., Ltd. and Standard Chartered Financial Holdings. The company’s registered capital is 30,140,024,035 yuan. The four strategic investors
They hold a total of 16.54% of the company's shares.
The company is a non-bank financial institution.
Upon approval, the business scope of China Cinda Asset Management Co., Ltd. is: acquisition, entrustment operation of non-performing assets of financial institutions and non-financial institutions, management, investment and disposal of non-performing assets; debt-to-equity conversion, management and investment of equity assets
and disposal; bankruptcy administration; external investment; buying and selling of securities; issuance of financial bonds, inter-bank lending and commercial financing from other financial institutions; approved asset securitization business, financial institution custody and liquidation business; finance, investment, law
and risk management consulting and consultancy; asset and project evaluation; other businesses approved by the banking regulatory authority of the State Council.