China Mulls Moving Cinda Stake to Sovereign Wealth Fund in …
Dec 9, 2024 · (Bloomberg) -- The Chinese government plans to transfer ownership in one of the nation’s biggest bad-debt managers to a unit of its sovereign wealth fund in coming weeks as part of a regulatory overhaul, according to people familiar with the matter.
PwC defections continue as China Cinda Asset Management …
Jun 3, 2024 · State-owned China Cinda Asset Management has become the latest major company to terminate its contract with PwC, after at least five big firms recently cut ties with the auditor amid...
China mulls moving Cinda stake to sovereign wealth fund in weeks
Dec 9, 2024 · The Ministry of Finance is currently going through the process to move its holdings in China Cinda Asset Management to Central Huijin Investment, the people said, asking not to be identified as the matter is private. The plan is in its final …
China Cinda Is Said to Plan Up to $800 Million Bond Sale
Apr 12, 2024 · China Cinda Asset Management Co. is planning to raise between $500 million and $800 million via a five-year bond offering, said people familiar with the matter.
China considering moving Cinda stake to sovereign wealth fund …
Dec 9, 2024 · The Ministry of Finance is planning to transfer ownership its holdings in China Cinda Asset Management Co to Central Huijin Investment Ltd, a unit of its sovereign wealth fund, in coming weeks as part of a regulatory overhaul.
China Cinda’s Hong Kong Unit Plans $1 Billion Bond Offering
Jul 9, 2024 · China Cinda Asset Management Co.’s Hong Kong unit is planning to raise about $1 billion via a bond offering, said people familiar with the matter.
China Cinda Asset Management Co Ltd | Reuters
Sep 13, 2024 · Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm's audit of failed property developer...
China to Merge Three Major Asset Managers Into China …
Jan 28, 2024 · BEIJING (Reuters) -China plans to merge three of the nation's biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC), state-run Xinhua Finance News reported, as...
Cinda, under Beijing pressure, scraps $944 mln investment in ... - Nasdaq
Jan 17 (Reuters) - China Cinda Asset Management Co Ltd 1359.HK scrapped a deal to buy a 20% stake worth about $944 million in fintech giant Ant Group's consumer finance arm because of...
China to merge three major asset managers into China …
Jan 29, 2024 · China plans to merge three of the nation's biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC) (CIC.UL), state-run Xinhua Finance News reported, as part of a plan...