Cinda International Holdings Limited (“Cinda International”, stock code: 111) is a financial institution. Cinda International is controlled by China Cinda (HK) Holdings Company Limited which is a wholly-owned subsidiary of China Cinda Asset Management Co., Ltd. (“China Cinda”).
The predecessor of China Cinda is China Cinda Asset Management Corporation which was established on 20 April 1999. As the first financial institution in China engaged in management and disposal of non-performing assets, the accumulated book value of non-performing assets acquired and dealt with exceeded RMB1,300 billion. The non-performing assets originated from different financial institutions, inter alia, China Development Bank, China Construction Bank, Bank of China, Industrial and Commercial Bank of China, Bank of Communications and Shanghai Bank. In 2012, China Cinda introduced four strategic investors, namely National Social Security Fund of the People’s Republic of China (the “PRC”), UBS AG, CITIC Capital Holdings Limited and Standard Chartered Financial Holdings which collectively held 16.54% of the shares in China Cinda. The Ministry of Finance (The “MOF”) held the balance 83.46% in China Cinda. China Cinda has successfully completed its strategic transformation into a commercialized corporation and operation in non-performing assets remains its core business. It has developed as a comprehensive financial group, actively involved in securities, futures, asset management, insurance, fund management, leasing and property development business. In December 2013, China Cinda listed its “H” shares on the Main Board of The Hong Kong Stock Exchange which was the first Chinese financial asset management company to land the international capital market. The offices of China Cinda are located in 30 major cities of the PRC. The subsidiaries of China Cinda includes China Cinda (HK) Holdings Company Limited, Cinda Investment Corporation, Zhongrun Economic Development Company, First State Cinda Fund Management Co., Ltd., Cinda Securities Co., Ltd., Cinda Futures Co., Ltd., Happy Life Insurance Co., Ltd., Cinda Property and Casualty Insurance Co., Ltd., China Jingu International Trust Co., Ltd., Cinda Financial Leasing Co., Ltd. and Cinda Real Estate Co., Ltd., etc.
Cinda International is playing an important role in the diversification and internationalization development of China Cinda. Leveraged on the strong background of China Cinda, Cinda International will continue to improve the quality of its all-round services so as to strengthen its market position in Hong Kong. Cinda International strives to increase the synergy effect among its business units with its parent company and expanding into new development.
To meet the needs of individuals, corporates, enterprises 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. Its core business include asset management, investment banking and brokerage. After some years of development, Cinda International now manages different types of funds. The investment banking participated in a number of sponsor and underwriting projects such as Longyan Power, BBMG Corporation, Datang Renewable, Jin Bao Bao, CITIC Securities, Prince Frog, China Putian, Juda International, Pegasus Entertainment, Speedy Global and Oi Wah Pawnshop etc. and it also acted as financial advisor and independent financial advisor for many listed companies. The brokerage division was licensed by the Securities and Futures Commission to carry out the business of securities dealing and futures and commodities dealing and it also holds the licence to deal with China B shares issued by China Securities Regulatory Commission. The scope of business covers world’s major securities market and futures market.
Cinda International is the members of The Hong Kong Chinese Enterprises Association, Chinese Securities Association of Hong Kong, Hong Kong Securities Institute, Employers’ Federation of Hong Kong, The Chamber of Hong Kong Listed Companies, Hong Kong Stockbrokers Association Limited, Independent Financial Advisors Association Limited and The Hong Kong Confederation of Insurance Brokers. Environmental Campaign Committee comprising Environmental Protection Department awarded Cinda International the “Sectoral Awards” (Certificate of Merit) for six consecutive years from 2008 to 2013, and awarded the “Caring Company Logo” from The Hong Kong Council of Social Service for eight consecutive years from 2006-2013.