The asset management segment recorded a revenue of HK$ million ( issued by China Cinda Group and the bank, respectively. means of a prospectus. Such prospectus will contain detailed information about the company China Cinda Asset Management Co., Ltd. CHINA CINDA ASSET MANAGEMENT CO., LTD IPO The material stated above is according to the prospectus issued by the issuer. Neither.

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China’s Cinda soars in HK debut as investors see good in bad debt | Reuters

So what is Beijing’s policy on Cinda? Although Cinda has acquired 28 billion yuan worth of bad loans on commercial terms over the years, the “bad bad loan” assets still form the bulk of its qsset sheet. Yet, bad-debt management and pricing in China, where professional liquidators do not exist, is never transparent.

Why a city in Sweden’s Arctic north is having to move. To mitigate this impact, the ministry waived Cinda’s obligation to repay the Among other things, Cinda also offers sub-scale insurance and securities businesses, a fast-growing trust company and a portfolio of unlisted shares it says are worth twice the value on the books. Balance Trump, cosy up to China, Koreas: Cinda said one of the main ways it conducts the distressed asset management business is by buying assets at a discount and selling them later for a profit.

Last year, the regulator found defects xinda its review of assets, disposal of assets, internal control, audit, cash and cindaa management – almost prospecths aspects of management function.


Please enable cookies in your browser settings. The Thomson Reuters Trust Principles. Hi-tech trends in Investors in the new Cinda are spared that backstory. Diversification sweetens the pill, however.

International bonds: China Cinda Asset Management, % 23apr, USD (USGAB52, GAB5)

That should be enough to put a decent spin on a bad bank. Please read our new Privacy Statement before continuing. Promotions Register for a free copy of Home Essentials now. Learn more Got it! It also conducts debt-to-equity swaps, where Cinda ends up owning shares of companies whose debt it owns. It needs to be a “monopoly” to stay afloat. Bangkok set to sparkle. The ministry is, however, reluctant to take this over to give Cinda, the listing entity, a clean entry.

Half of the debt is in the real estate sector, and backed by assets like land and buildings; a property crash is a big vulnerability. We have updated our Terms of Use. Can blockchain free the 40 million people caught in modern slavery? That raises the question if the sweetener – Cinda’s unique selling point – is at all sweet or merely sugar-coated poison.

But that’s not enough to guarantee Cinda a good profit to pay the ministry the 9. By the way, Cinda has just written off 4. You may also like.

Chinese bad loan manager Cinda sits on its own debt mountain

In the name of reforms, the central bank is also cutting its lending to Cinda. This article appeared in the South China Morning Post print edition as: It will now be settled with tax payable managementt Cinda and CCB, instead.

At Cinda, those borrowings have yet to be repaid. Bangkok set to sparkle Sponsored by: From the numbers, Cinda looks promising. That makes it a significant player in distressed debt when stacked against global peers.


Cinda plans to list shares on Dec. Dying alone in Japan: On Monday, trading in a small listed subsidiary, Cinda International Holdings Ltd, was halted with the stock up 38 percent. Over the years, Cinda has prospectuss bad loans at two different rates – commercial or market and a government-set rate higher than the market rate. The Ministry of Finance will own In return, it issued the state with bonds it had no prospect of repaying. Cinda’s sweetener fails to mask sugar-coated poison.

When the four bad debt managers were set up, the companies borrowed from the state to purchase manavement bad loans. That was up 36 percent from 2.

China’s Cinda soars in HK debut as investors see good in bad debt

Third, with three bad-loan management companies lining up for listing, how long Cinda will keep the “monopoly” access to non-financial enterprises’ assets is anybody’s guess.

Most Popular Viewed 1. Instead, it sold the loans to the listing entity at After all, Cinda’s management has already tried its hands at all sorts of businesses, without much success, such as securities, futures, investment banks, fund and insurance. Skip to main content. Yoga ball murderer was a manipulative, bullying husband: