China Cinda Asset Management

China Cinda

Formerly called	China Cinda Asset Management Corporation
Type	public
Traded as	: 01359 (H ordinary) : 04607 (H preference)
Industry	Financial services
Founded	1999
Headquarters	No. 1 Building, 9 Naoshikou Street, Xicheng District, Beijing, China
Area served	China
Key people	Hou Jianhang (Chairman of the Board of Directors) Gong Jiande (Chairman of the Supervisory Board) Zang Jingfan (CEO)
Services	merchant bank asset management
Revenue	CN¥78.7 billion (2015)
Operating income	CN¥19.3 billion (2015)
Profit	CN¥14.0 billion (2015)
Total assets	CN¥714.0 billion (2015)
Total equity	CN¥101.7 billion (2015)
Owner	Ministry of Finance of China (67.84%) National Social Security Fund (8.04%) general public
Parent	Ministry of Finance of China
Subsidiaries	Cinda Securities
Website	cinda.com.cn
Footnotes / references in a consolidated basis

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 with limited liabilities (Chinese: 股份有限公司).

In 2013, part of the shares were started to float on . In 2015 Cinda acquired Nanyang Commercial Bank from fellow state-controlled financial conglomerate Bank of China (Hong Kong).