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.

Author: Gadal Daile
Country: Turks & Caicos Islands
Language: English (Spanish)
Genre: Photos
Published (Last): 23 January 2016
Pages: 313
PDF File Size: 19.37 Mb
ePub File Size: 17.51 Mb
ISBN: 556-1-40425-672-6
Downloads: 47314
Price: Free* [*Free Regsitration Required]
Uploader: Vuzilkree

On Monday, trading in a small listed subsidiary, Cinda International Holdings Ltd, was halted with the stock up 38 percent. 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. Cinda is to repay it in five annual instalments of 9. The book value of this kind of asset has grown times to The Ministry of Finance will own Thank you You are on the list.

But that’s not enough to guarantee Cinda a good profit to pay the ministry the 9.

The wages of Cinda

Please read our new Privacy Statement before continuing. Until a recent batch of deals by Chinese financial companies, Hong Kong has suffered a drop in IPO volumes in the last two years. Bad-debt management is a business not easy to understand.


Last year, the regulator found defects in its review of assets, disposal of assets, internal control, audit, cash and financial prowpectus – almost all aspects of management function.

When the four bad debt managers were set up, the companies borrowed from the state to purchase the bad loans.

International bonds: China Cinda Asset Management, % perp., USD (XS, Y1R34VAA1)

Yet, bad-debt management and pricing in China, where professional liquidators do not exist, is never transparent. Bangkok set to sparkle Sponsored by: Diversification sweetens the pill, however.

But the company also said its return on average equity ROAE declined from 43 percent in to To mitigate this impact, the ministry waived Cinda’s obligation to repay the What really matters is the policy,” seemed to be the gist of their response. Bangkok set to sparkle.

Despite the policy sweetener, its return on equity has dropped from Why hairy crab is all the craze in China Oct 18th4: Tuesday, 28 April, It has even acquired two listed companies. The Thomson Reuters Trust Principles. Beijing allowed the four AMCs to roll over the original loans in Learn more Got it!


That was up 36 percent from 2. We have updated our Terms of Use.

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

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. X We have updated our Terms of Use. You are signed up.

Instead, it sold the loans to the listing entity at From the numbers, Cinda looks promising. It will now be settled with tax payable by Cinda and CCB, instead. Its profit increased from 2.

After spending two days trying to make sense of the 3. So what is Beijing’s policy on Cinda? That has caused Cinda’s loans from the central bank to drop from