Cinda International Holdings Limited (“Cinda International”, stock code: 111) is a full-service financial corporation. Its parent company China Cinda Asset Management Co., Ltd (“China Cinda”) was established in July 2010. Its registered share capital was RMB25.1 billion. The Ministry of Finance (the “MOF”) of the People’s Republic of China (the “PRC”) owns 100% of its registered capital. The MOF confirmed it as a pilot unit in the transformation of financial asset management company into limited company. Its predecessor China Cinda Asset Management Corporation was established on 20 April 1999. As the first financial institution in China engaged in management and disposal of non-performing assets, China Cinda has penetrated into different area in financial services such as asset management (fund and trust), securities and insurance in recent years. The accumulated book value of non-performing assets acquired and dealt with exceed RMB1,000 billion. The non-performing assets came from China Construction Bank, China Development Bank, Bank of China, Industrial and Commercial Bank of China, Bank of Communications Bank, Shanghai Bank and other banks. The offices of China Cinda are located in 29 major cities of the PRC.
China Cinda has successfully completed its strategic transformation into a commercialized corporation. Its core business is assets disposal, custody and liquidation. In addition, it is developing into a comprehensive financial group, actively involved in securities, futures, asset management, insurance, fund management and property development. Its subsidiaries includes Well Kent International Holdings Company, Cinda Securities Co., Ltd, Cinda Futures Co., Ltd, Happy Life Insurance Co., Ltd., Cinda Real Estate Co., Ltd., Cinda Property Insurance Co., Ltd., Cinda Investment Corporation, First State Cinda Fund Management Co. Ltd., Zhongrun Economic Development Company, China Jingu International Trust Co., Ltd., Cinda Financial Leasing Company etc.
Cinda International is taking an important role in the diversification and internationalization development of China Cinda. Cinda International firmly believes that leveraged on the strong background of China Cinda, it will continue to improve the quality of its all-round services so as to strengthen its market position in Hong Kong. Cinda International further aspires to become a comprehensive international financial service provider. To meet the needs of individuals, corporate, enterprise and institutional customers, services provided by Cinda International cover corporate financing, corporate financial advisory, securities trading, commodity and futures trading, asset management and wealth management.
Transformation gave China Cinda new business opportunities and provided plenty rooms for its business development. As a conglomerate providing financial services, Cinda International strives to increase the synergy effect among its business units with its parent company to lay a solid foundation for its future development.