呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01359 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,567,602,831 | RMB | 1 | RMB | | 13,567,602,831 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,567,602,831 | RMB | | 1 RMB | | 13,567,602,831 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Group 1 - The Hang Seng Index rose by 0.07%, while the Hang Seng Tech Index fell by 0.36% [1] - Most property stocks declined, with Vanke Enterprises dropping over 7%, Shimao Group falling over 6%, and Longfor Group decreasing over 3% [1] - Tech stocks showed mixed performance, with Xiaomi rising over 2% and Alibaba falling over 2% [1] Group 2 - Pop Mart surged over 6%, and Zhufeng Gold increased over 5% [1]

Core Insights - Nanjing Xian'an Investment Co., Ltd. has been established with a registered capital of 186 million yuan, focusing on investment activities and equity investment [1][2]. Company Information - The company is wholly owned by China Cinda Asset Management Co., Ltd. (stock code: 01359.HK) [1][2]. - The legal representative is 邓体协, and the company is registered in Nanjing, Jiangsu Province [2]. - The business scope includes investment activities using self-owned funds and equity investment, operating under the general project category [2]. Registration Details - The company was registered on November 26, 2025, and has a business license valid until an indefinite period [2]. - The organization code is MAK0WQTX-3, and the tax identification number is 91320191MAK0WQTX3Q [2].

Core Viewpoint - The article emphasizes the role of Asset Management Companies (AMCs) in addressing non-performing assets (NPAs) and mitigating financial risks in key sectors such as real estate, local government debt, and small financial institutions during the 14th and 15th Five-Year Plans [1][2][3]. Group 1: AMC's Role and Opportunities - AMCs are positioned as key players in the financial system, focusing on their core business of managing non-performing assets and enhancing their governance to achieve high-quality development [1][2]. - The continuous increase in non-performing loans, which reached 3.5 trillion yuan by the end of Q3 2025, presents significant asset acquisition opportunities for AMCs [1]. - AMCs are crucial in resolving risks in the real estate sector, local government debt, and small financial institutions, contributing to the stabilization of these markets [1][2]. Group 2: Risk Mitigation Strategies - The 15th Five-Year Plan highlights the need to enhance the capacity to prevent and resolve risks in key areas, ensuring a systematic approach to risk management [2]. - AMCs are expected to play a vital role in stabilizing the real estate market and addressing the challenges posed by local government debt and financial institution vulnerabilities [2][3]. - The article suggests that AMCs should optimize their asset acquisition strategies and collaborate with other financial institutions to effectively manage diverse financial risks [3]. Group 3: Competitive Landscape and Differentiation - The current market for non-performing assets has evolved into a diversified structure, necessitating AMCs to adopt differentiated competitive strategies to thrive [3][4]. - AMCs are encouraged to explore various business models, such as focusing on niche markets or maintaining a diversified approach, to build core competitive advantages [4]. - Collaboration among AMCs and other financial entities is essential to enhance the overall effectiveness of risk mitigation efforts and foster a cooperative competitive environment [3][4].

Core Viewpoint - China Cinda (01359) saw a significant stock price increase, rising over 9% towards the end of trading, with a current price of 1.38 HKD and a trading volume of 396 million HKD, following the announcement of a share swap merger with Dongxing Securities and Cinda Securities by China International Capital Corporation (CICC) [1] Group 1: Company Developments - CICC announced plans to merge with Dongxing Securities and Cinda Securities, which is expected to enhance CICC's debt resolution capabilities in the Asset Management Company (AMC) sector [1] - After the merger, CICC is anticipated to continue expanding its wealth management business [1] Group 2: Industry Insights - Shenwan Hongyuan's research report highlights that China Cinda is the largest shareholder of Cinda Securities and a leader in China's non-performing asset industry [1] - China Cinda's main business operations include acquisition and management, restructuring, debt-to-equity swaps, and other non-performing asset services [1] - Cinda Securities, as a core financial subsidiary of China Cinda, possesses unique advantages in the investment banking sector for non-performing asset disposal and bankruptcy restructuring, providing opportunities for CICC to expand its special asset management and deepen its debt restructuring business [1]

Core Viewpoint - China Cinda (01359) saw a significant stock price increase, rising over 9% towards the end of trading, with a current price of 1.38 HKD and a trading volume of 396 million HKD, following the announcement of a share swap merger with Dongxing Securities and Cinda Securities [1] Group 1: Company Developments - CICC announced plans to merge with Dongxing Securities and Cinda Securities through a share swap, which is expected to enhance CICC's debt resolution capabilities in the AMC sector [1] - After the merger, CICC is anticipated to continue expanding its wealth management business [1] Group 2: Industry Position - Cinda is the largest shareholder of Cinda Securities and is recognized as a leader in China's non-performing asset industry, with core business operations including acquisition and management, restructuring, debt-to-equity swaps, and other non-performing asset services [1] - Cinda Securities, as a key financial subsidiary of China Cinda, possesses unique advantages in the investment banking sector related to non-performing asset disposal and bankruptcy restructuring, providing opportunities for CICC to expand its special asset management and deepen its debt restructuring business [1]

Core Points - China Cinda (01359.HK) issued a secondary capital bond of RMB 8 billion in the national interbank bond market in November 2020 [1] - The bond includes an issuer call option, allowing the issuer to redeem the bond on the last day of the fifth interest period, which is November 20, 2025 [1] - As of the announcement date, the company has exercised its redemption right and fully redeemed the bond [1]

Core Viewpoint - China Cinda (01359) has fully redeemed its RMB 8 billion subordinated bonds issued in November 2020, exercising its redemption option as per the bond's terms [1] Group 1 - The company issued RMB 8 billion subordinated bonds in the interbank bond market in November 2020 [1] - The bonds included an issuer call option, allowing the company to redeem them on the last day of the fifth interest period, which is November 20, 2025 [1] - As of the announcement date, the company has exercised its redemption right and fully redeemed the bonds [1]

Core Viewpoint - China Cinda (01359) has exercised its redemption option for the RMB 8 billion subordinated bonds issued in November 2020, fully redeeming the bonds as of the announcement date [1] Group 1 - The company issued RMB 8 billion subordinated bonds in the interbank bond market in November 2020 [1] - The bonds included an issuer's redemption option, allowing the company to redeem the bonds on the last day of the fifth interest period, which is November 20, 2025 [1] - As of the announcement date, the company has fully redeemed the bonds [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 China Cinda Asset Management Co., Ltd. 中國信達資產管理股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：01359及04621（優先股）） 中國信達資產管理股份有限公司 張衛東 董事長 中國，北京 2025年11月21日 於本公告日期，本公司董事會成員包括執行董事張衛東先生及趙立民先生；非執行董事 陳曉武先生、曾天明先生及張忠民女士；獨立非執行董事陸正飛先生、林志權先生、汪 昌雲先生、孫茂松先生及史翠君女士。 關於贖回二級資本債券的公告 茲提述中國信達資產管理股份有限公司（「本公司」）日期為2020年11月20日之關於二級 資本債券發行完畢的公告。 2020年11月，本公司在全國銀行間債券市場發行了規模為人民幣80億元的二級資本債券 （「本期債券」）。根據本期債券募集說明書相關條款的規定，本期債券設有發行人贖回選 擇權，發行人有權在本期債券第5 ...