The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.
The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."
Hong Kong stocks activity | The transfer of AMC equity helps enhance Business competitiveness. CHINA CINDA (01359) rose over 8% in the afternoon, and CITIC Financial Assets (02799) rose over 7%.
AMC Concept stocks rose in the afternoon. As of the report, CHINA CINDA (01359) increased by 5.83%, trading at HKD 1.28; CITIC Financial Assets (02799) rose by 5.13%, trading at HKD 0.82.
CHINA CINDA (01359.HK) plans to hold a Board of Directors meeting on March 25 to approve the annual performance.
On March 13, Gelonghui announced that CHINA CINDA (01359.HK) will hold a Board of Directors meeting on March 25, 2025 (Tuesday) to review and approve (if deemed appropriate) the performance of the company and its subsidiaries for the year ending December 31, 2024, and its release, consider the distribution of a final dividend (if any), and address any other matters.
NOTIFICATION OF BOARD MEETING
Express News | Cinda Real Estate: Wholly-owned subsidiary Cinda Yuelife participates in the establishment of a partnership.
The mainland will expand the scope of financial Assets investment company Private Equity to the provinces where the pilot cities are located.
The National Financial Supervisory Administration issued a notice on further expanding the pilot program for equity investments by financial asset investment companies, proposing to extend the scope of equity investments by these companies to the provinces where the pilot cities are located. It clarifies that relevant Funds can conduct equity investments within the provinces where the pilot cities are located, which is beneficial for expanding the project support scope of Funds, attracting more social capital to participate in Fund fundraising, reducing operational costs of Funds, and enhancing operational efficiency. The notice supports eligible Banks in establishing financial asset investment companies. Currently, five large commercial Banks have established financial asset investment companies through the pilot program, exploring finance.
Express News | China Construction Bank Corporation's REITs, together with Chengdu and Hefei state-owned assets, established a 10 billion Fund.
SUNAC has been granted an approval order regarding the transfer of the company's shares.
SUNAC (01918) announced that CHINA CINDA (Hong Kong) Asset Management Company has filed a winding-up petition against the company. The company has applied to the High Court for a recognition order regarding the transfer of the company's shares, and this application was approved by the High Court on February 28, 2025. After the company is granted the recognition order, despite the petition filed against the company, all transfers of issued and paid-up shares of the company from the date the petition is filed will not be invalidated under Section 182 of the Companies (Winding-up and Miscellaneous Provisions) Ordinance.
Rumors of a merger resurface! Brokerage stocks show unusual movements as China Galaxy and China International Capital Corporation Listed in Hong Kong soar over 15%, and A-shares hit their daily limit.
Merger rumors have resurfaced.
Hong Kong stocks movement | CHINA CINDA (01359) fell over 3%, the company's ordinary Shareholder Net income decreased significantly, Institutions indicate that performance is expected to bottom out against the backdrop of economic recovery.
CHINA CINDA (01359) fell over 3%, as of the time of reporting, it declined by 3.2%, priced at 1.21 Hong Kong dollars, with a transaction volume of 35.6665 million Hong Kong dollars.
Express News | Brokerage reshuffle: China’s securities market enters the era of giants.
【Brokerage Focus】Guosen has given CHINA CINDA (01359) an initial "Neutral" rating, stating that the company's performance is expected to stabilize against the backdrop of economic recovery.
Jinwu Financial News | Guosen released a Research Report indicating that CHINA CINDA (01359) operates in the areas of distressed asset management and financial services, covering distressed asset management, Banks, securities, financial leasing, REITs, and more. Data disclosed by the company shows that the revenue share of the distressed asset management division accounted for 53% in the first half of 2024, while the financial services division accounted for 48%. The bank noted that in recent years, CHINA CINDA's total Assets have remained stable at around 1.5 trillion yuan, while revenue has decreased significantly, leading to a notable decline in Net income for ordinary Shareholders. By the end of the second quarter of 2024, total Assets reached 1.58 trillion yuan.
CHINA CINDA (01359.HK): Benefiting from economic recovery, performance is bottoming out.
CHINA CINDA is a comprehensive Financial Conglomerates with a core Business of non-performing Asset Operation. Currently, the company's business includes non-performing Asset Operation and financial services, covering non-performing Asset Operation, Banks, securities, financial leasing, REITs, and so on. The company has pushed...
Express News | Analyst Jiang Qiao from Zhongtai Securities: "The equity adjustment of the "Huijin system" Brokerage has sparked strong market expectations for Brokerage mergers and acquisitions."
Cinda Asset's Controlling Shareholder to Change
Express News | Zheshang Securities: Follow the progress of Cinda Real Estate's revitalization capital acquisition, and optimistic about the company's performance recovery
Express News | Cinda Real Estate and others established a rescue and revitalization partnership enterprise in Tianjin.
Hong Kong stock movement | CHINA CINDA (01359) opened over 12% higher as the Ministry of Finance plans to transfer 22.137 billion domestic shares to Central Huijin without compensation.
CHINA CINDA (01359) opened with a rise of over 12%, as of the time of publication, it increased by 12.1%, reaching HKD 1.39, with a transaction amount of 32.8262 million HKD.
Express News | CITIC SEC: The adjustment of equity holdings in Brokerage stocks by Central Huijin is expected to drive a new round of mergers and acquisitions in the Huaan CSI All Share Investment Banking &.
Hong Kong stock Concept tracking | Three major AMCs are assigned to Central Huijin! Institutions suggest focusing on the main line of Brokerage mergers and reorganizations (with related Concept stocks attached).
On February 14, the three major AMCs, CHINA CINDA, Orient Asset, and Great Wall Asset, announced that the controlling shareholder, the Ministry of Finance, intends to transfer its held shares to Central Huijin through a non-compensatory transfer.