China Cinda Asset Management Co. has raised US$2.5 billion in an initial public offering in Hong Kong, its largest float this year, the Wall Street Journal reported. The debt-clearing company, which b ...More
EJ Insight2013-12-05
There have long been serious concerns that mounting non-performing assets at mainland banks could drag some of the institutions into the abyss of credit ruin. But a few are poised to reap big rewards. ...More
EJ Insight2013-12-04
China Everbright Bank Co. is planning to start selling shares on Dec. 10 in an initial public offering worth up to US$2 billion, its third attempt to go public, the Wall Street Journal reported Monday ...More
EJ Insight2013-12-03
China Cinda Asset Management Co. Ltd. (01359.HK), one of four companies created in 1999 to buy bad debt from the nation’s banks, expects its capital adequacy ratio to hit 23 percent after its Hong Kon ...More
EJ Insight2013-11-27
Oaktree Capital Group, the world’s biggest distressed-debt investor, is joining with central government-backed China Cinda Asset Management Co. to buy soured loans and troubled assets on the mainland, ...More
EJ Insight2013-11-26
Following is a summary of major news and comments in the Hong Kong Economic Journal, the parent publication of EJ Insight, on Monday, Nov. 25: TOP STORIES A slew of share sales seek a combined HK$43 b ...More
EJ Insight2013-11-25
China Cinda Asset Management Co. has lined up 10 cornerstone investors to take up 44 percent of its proposed US$2.46 billion initial public offering, the Wall Street Journal reported on Sunday, citing ...More
EJ Insight2013-11-25
China Cinda Asset Management Co. is set to begin a pre-marketing exercise ahead of an initial public offering that could raise up to US$2.4 billion in Hong Kong's biggest float this year, the Wall Str ...More
EJ Insight2013-11-22
China Cinda Asset Management Co. won approval from the Hong Kong stock exchange for an initial public offering, Bloomberg reported Friday. The state-controlled asset manager, one of four funds establi ...More
EJ Insight2013-11-08
State-owned China Cinda Asset Management Co., a buyer of bad bank loans, is to seek approval this week to list in Hong Kong, aiming to as much as US$2 billion in an initial public offering, the Wall S ...More
EJ Insight2013-11-05
Following is a summary of major news and comments in the Hong Kong Economic Journal, the parent publication of EJ Insight, on Monday, Nov. 4: TOP STORIES HSBC 3Q net profit seen down 3 to 15 percent H ...More
EJ Insight2013-11-04
