China Cinda Asset Management Co., Ltd., doing business as Cinda or China Cinda, is a Chinese distressed asset management company headquartered in Beijing. 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. In February 2024, Cinda, along with China Orient Asset Management and China Great Wall Asset Management, was transferred from the Ministry of Finance to Central Huijin Investment. Wikipedia