China Cinda Asset Management
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 "company limited by shares" (). 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 Baiyin Nonferrous (5.38%) China Unicom (via private equity fund) Daye Non-Ferrous Metals Mining (, 5.24%) Fenxi Mining Industry Group Jincheng Anthracite Mining Group (17.066%) Huozhou Coal Electricity Group (36.97%) Taiyuan Coal Gasification Group (11.15%) Xishan Coal Electricity Group (35.47%) SouthGobi Resources (through Novel Sunrise) References External links 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