China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese

merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...

and asset management company. The corporation was founded as a

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

and a

bad bank A bad bank is a corporate structure which isolates illiquid and high risk assets (typically non-performing loans) held by a bank or a financial organisation, or perhaps a group of banks or financial organisations. A bank may accumulate a large por ...

for

China Construction Bank China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...

in 1999. The bank received shares by

debt-to-equity swap Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue ...

non-performing loan A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and ...

s. 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 The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

. In 2015 Cinda acquired

Nanyang Commercial Bank Nanyang Commercial Bank (NCB, Chinese: 南洋商業銀行) is a bank based in Hong Kong and a wholly owned subsidiary of China Cinda Asset Management China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese merc ...

from fellow state-controlled financial conglomerate

Bank of China (Hong Kong) Bank of China (Hong Kong) Limited () also known as its short name Bank of China (Hong Kong) or BOCHK (), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong K ...

Portfolio companies

Baiyin Nonferrous Baiyin Nonferrous Group Co., Ltd. known also as BNMCAcronym of Baiyin Nonferrous Metal Corporation is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China. Since 15 February 2017, Baiyin Nonf ...

(5.38%) *

China Unicom China United Network Communications Group Co., Ltd. () or China Unicom () (CUniq in short) is a Chinese state-owned telecommunications operator. Started as a wireless paging and GSM mobile operator, it currently provides a range of services in ...

(via private equity fund) *

Daye Non-Ferrous Metals Mining Daye () is a county-level city in eastern Hubei province, China. It is under the administration of the Huangshi prefecture-level city. As it is usually the case with county-level cities, Daye includes both an urban core and a fair amount of rural ...

(, 5.24%) *

Fenxi Mining Industry Group Shanxi Coking Coal Group Co., Ltd. is a Chinese state-owned coal mining conglomerate and a holding company, as one of the seven coal conglomerates that had a production capability of over 100 million metric tons in China in 2011. Shanxi Coking ...

Jincheng Anthracite Mining Group Jinneng Holding Equipment Manufacturing Group Company Limited, formerly name Shanxi Jincheng Anthracite Mining Group Co., Ltd. (JAMG) is a Chinese state-owned coal mining conglomerate based in Jincheng, Shanxi. It was owned by the State-owned Ass ...

(17.066%) *

Huozhou Coal Electricity Group Shanxi Coking Coal Group Co., Ltd. is a Chinese state-owned coal mining conglomerate and a holding company, as one of the seven coal conglomerates that had a production capability of over 100 million metric tons in China in 2011. Shanxi Coking ...

(36.97%) *

Taiyuan Coal Gasification Group Taiyuan Coal Gasification (Group) Co., Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan, Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of . However, Shanxi SASAC g ...

(11.15%) *

Xishan Coal Electricity Group Xishan Coal Electricity (Group) Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group (for 52.34% stake). The subsidiary is based in Taiyuan, Shanxi. The company was the parent company of listed company Xish ...

(35.47%) *

SouthGobi Resources SouthGobi Resources is a coal mining company listed on the Hong Kong Stock Exchange and Toronto Stock Exchange. The company's primary asset is a coal mine and development projects of coal assets in Mongolia. A proposed acquisition of the company ...

(through Novel Sunrise)

References

External links

* {{authority control Companies listed on the Hong Kong Stock Exchange Financial services companies of China Investment management companies of China Government-owned companies of China H shares