- Business
- China Cinda Asset Management Co., Ltd. China Cinda Asset Management Co., Ltd. (CCGDF) is a leading Chinese financial asset management company specializing in the acquisition, management, investment, and disposal of distressed assets from financial and non-financial institutions. Founded in 1999 as a state-owned enterprise and bad bank for China Construction Bank, the company is headquartered in Beijing, People's Republic of China, and operates primarily through two segments: Distressed Asset Management Business and Financial Services Business. It maintains 33 branches across 30 provinces, autonomous regions, and municipalities in mainland China, with additional international presence in Hong Kong and global activities via subsidiaries.
The company's core products and services encompass distressed debt asset management, including acquisition-operation of non-performing loans, restructuring, liquidation, and disposal of distressed entities; financial investment and asset management covering private funds, discretionary accounts, structured notes, investment advisory, RQFII, QFLP, and cross-border products; and a broad range of financial services such as banking via Nanyang Commercial Bank, securities brokerage and underwriting through Cinda Securities Co., Ltd. (Shanghai-listed, stock code: 601059), futures trading via Cinda Futures Co., Ltd., fund management via Cinda Fund Management Co., Ltd., trust services via China Jingu International Trust Co., Ltd., financial leasing via Cinda Financial Leasing Co., Ltd., real estate development and investment via Cinda Real Estate Co., Ltd. (Shanghai-listed, stock code: 600657), aircraft leasing, hotel management, consulting on finance, investment, legal and risk management, asset and project evaluation, inter-bank borrowing and lending, financial bond issuance, asset securitization, receivership, foreign investment, securities and futures dealing, commercial financing, custody services, debt issuing, and investment banking.
Geographically, China Cinda focuses on the People's Republic of China, Hong Kong, and international markets, serving corporate, institutional, high-net-worth individual clients, and financial institutions with tailored investment solutions aligned to risk-return appetites. Key subsidiaries include Cinda International Holdings Limited (Hong Kong-listed, stock code: 00111), Cinda Investment Co., Ltd., Cinda Hong Kong Holdings Company Limited, and Zhongrun Economic Development Co., Ltd., enhancing diversification into securities trading, commodity and futures trading, fixed income investments, corporate financing, and advisory.
Recent developments include a transfer in February 2024 from the Ministry of Finance to Central Huijin Investment Ltd., alongside peers China Orient Asset Management and China Great Wall Asset Management, strengthening state oversight. In the first half of 2025, the company reported significant growth in distressed debt acquisitions at RMB24,046.8 million (up from RMB17,260.4 million in the first half of 2024), newly acquired RMB25,506 million in financial non-performing debt assets (56.8% year-on-year increase), and 342,000 individual loan non-performing assets worth RMB4.7 billion principal; it also entered asset management contracts in April, June, and July 2025 involving subsidiaries Cinda Investment and Cinda Securities with Construction Bank Beijing Branch as custodian. Additionally, in November 2025, China International Capital Corporation (CICC) announced plans to acquire Cinda Securities and Dongxing Securities, marking a potential strategic consolidation in investment banking. Total assets reached RMB1,681.9 billion as of June 30, 2025, with net profit attributable to equity holders at RMB2,280.6 million.