Type public Area served China Revenue 78.7 billion CNY (2015) | Industry Financial services Headquarters China Founded 1999 | |
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Formerly called China Cinda Asset Management Corporation Traded as SEHK: 01359 (H ordinary)SEHK: 04607 (H preference) Key people Hou Jianhang (Chairman of the Board of Directors)Gong Jiande (Chairman of the Supervisory Board)Zang Jingfan (CEO) Stock price 1359 (HKG) HK$ 3.07 -0.02 (-0.65%)3 Mar, 4:09 PM GMT+8 - Disclaimer Subsidiaries | ||
China cinda asset management co ltd company profile and swot an
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 joint-stock company with limited liabilities (Chinese: 股份有限公司).
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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).
Portfolio companies
References
China Cinda Asset Management Wikipedia(Text) CC BY-SA