- Business
- China Cinda Asset Management Co., Ltd. (1359.HK) operates as one of China's leading state-owned financial asset management companies, specializing in the acquisition, management, investment, and disposal of distressed financial and non-financial assets; it provides comprehensive distressed asset management services, including traditional distressed debt resolution, restructured asset management, and liquidation and restructuring for distressed entities. The company also engages in financial services encompassing banking, securities brokerage and futures dealing, fund management, trusts, financial leasing, insurance brokerage, asset securitization, inter-bank borrowing and lending, debt issuance, investment banking, real estate development, commercial financing, hotel management, aircraft leasing, cross-border securities, and advisory services in finance, investment, legal, and risk management; its distressed asset management segment focuses on non-performing loans from banks and institutions, while financial services support broader investment and operational activities. Founded in 1999 as a "bad bank" for China Construction Bank and headquartered at No. 1 Building, 9 Naoshikou Street, Xicheng District, Beijing, China, the company maintains principal operations in the People's Republic of China, with significant presence in Hong Kong through subsidiaries like China Cinda (HK) Holdings Company Limited and international activities in distressed asset disposal and cross-border investments. In recent developments, Central Huijin Investment Ltd. completed the acquisition of a 58% stake from the Ministry of Finance on September 4, 2025, following regulatory approvals, marking a major ownership shift to strengthen its role in state financial stabilization; the company reported robust growth in its core distressed asset business, with first-half 2025 acquisitions of RMB24.046.8 million in distressed debt assets at fair value through profit or loss and new financial non-performing debt assets rising 56.80% year-on-year to RMB25.506 billion, alongside diversified individual loan acquisitions totaling RMB4.7 billion. Additionally, its subsidiary Cinda Securities entered a cooperation agreement with China International Capital Corp (CICC) and Dongxing Securities for potential mergers, while it established a new equity investment partnership called Xinshi Xinye with partners, reflecting ongoing strategic expansions in securities and investment activities as of late 2025.