Core Viewpoint - China Cinda Asset Management Co., Ltd. reported stable operating performance for the first half of 2022, with key indicators meeting expectations and a solid foundation in its core business of non-performing asset management [1][3]. Financial Performance - As of June 30, 2022, total assets reached 1,541.265 billion yuan, with total revenue of 41.258 billion yuan and equity attributable to shareholders at 188.494 billion yuan, reflecting a 5.4% increase from the end of the previous year [1]. - Non-performing asset management business accounted for 61.4% of total assets, 73.4% of total revenue, and 56.6% of pre-tax profit, with total assets of 945.817 billion yuan and revenue of 30.299 billion yuan [1]. - Financial services business total assets grew by 5.1% to 606.867 billion yuan, with revenue increasing by 10.7% to 11.084 billion yuan [1]. Business Structure and Strategy - The company focused on optimizing its business structure, with a 20.3% increase in the acquisition of operating non-performing debt assets, totaling 26.157 billion yuan [3]. - China Cinda participated in risk resolution for small and medium-sized banks and high-risk institutions, providing training for over 70 banks and engaging in bankruptcy restructuring for distressed companies [3][4]. Social Responsibility and Community Support - The company has invested over 130 million yuan in poverty alleviation and rural revitalization efforts, with support reaching 27 provinces and autonomous regions [9]. - China Cinda's subsidiary, Nanshan Bank, has actively assisted businesses affected by the pandemic through various financial measures [9]. Digital Transformation and Innovation - The company is advancing its "Digital Cinda" strategy, enhancing digital operational capabilities and launching platforms to improve the efficiency of non-performing asset disposal [8]. - New economic sectors, including new materials and high-end manufacturing, received significant investment, with 64.7 billion yuan allocated to support structural adjustments [6].

Group 1 - The core message emphasizes the importance of implementing the central government's strategies for the development of the central region and ecological protection in the Yellow River basin, with a focus on transforming resource-based economies in Shanxi [1] - China Cinda's Shanxi branch is committed to leveraging its professional advantages in financial asset management to support high-quality development in Shanxi, aligning with the region's modernization efforts [1][5] Group 2 - The company has organized immersive learning experiences for its employees at historical sites to instill the spirit of perseverance and resilience, which is crucial for driving Shanxi's transformation [2] - China Cinda has invested over 30 billion yuan to support the development of new materials and clean energy technologies, aiming to create a modern industrial system with competitive advantages [4] Group 3 - The company has played a significant role in the energy sector by investing over 300 billion yuan to support energy supply and industrial transformation, focusing on the needs of traditional coal enterprises [3] - China Cinda has utilized innovative financial tools to assist companies in overcoming financial difficulties and enhancing their green and low-carbon production capabilities [3][4] Group 4 - The company is actively collaborating with educational institutions to explore innovative financial solutions that facilitate the commercialization of clean energy technologies [4] - China Cinda aims to continue its commitment to the political and social responsibilities of a financial central enterprise, contributing to Shanxi's modernization and development [5]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國信達資產管理股份有限公司 呈交日期: 2025年8月5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 | ...

Core Viewpoint - Recently, Wuhu Xinhui Venture Capital Partnership (Limited Partnership) was established with a capital contribution of 1 billion yuan, focusing on venture capital investments in unlisted companies and engaging in investment activities with its own funds [1] Group 1 - The newly established venture capital firm has a registered capital of 1 billion yuan [1] - The business scope includes venture capital limited to investments in unlisted enterprises [1] - The company is co-funded by China Cinda and other investors [1]

Group 1: Industry Overview - Recent years have seen small and medium-sized banks facing survival challenges due to asset pressure and increased IPO thresholds, limiting their capital replenishment avenues [1] - National financial asset management companies (AMCs) are clearing out shares of small banks, indicating a shift in focus [1][12] - The establishment of AMCs in China was a response to the historical bad debts of state-owned banks, with the government creating four major AMCs in 1999 to manage these non-performing loans [2][4] Group 2: AMC Performance and Financials - The four major AMCs have varying financial performances for 2024, with total assets and net profits showing significant differences: - Xinda Asset Management: Total assets of 1.639 trillion yuan, net profit of 3.036 billion yuan, down 47.84% [7] - Dongfang Asset Management: Total assets of 1.319 trillion yuan, net profit of 1.602 billion yuan, up 4.98% [7] - Zhongxin Financial: Total assets of 984.33 billion yuan, net profit of 9.6184 billion yuan, up 444.64% [7] - Changcheng Asset Management: Total assets of 571.28 billion yuan, net profit of 1.557 billion yuan, down 10.26% [7] - The total asset scale of Zhongxin Financial has reached approximately 1 trillion yuan, with a net profit of 9.618 billion yuan, marking a significant recovery [15] Group 3: AMC Evolution and Future Direction - The transition of AMCs from a focus on shadow banking to a core emphasis on non-performing asset disposal reflects a strategic shift in the industry [10][12] - The restructuring of AMCs under the Central Huijin era aims to enhance collaboration among AMCs, moving away from previous competitive practices [10] - The current landscape of China's non-performing asset market has evolved into a system of five national AMCs and over 60 local AMCs, indicating a more structured approach to asset management [10][11] Group 4: Regulatory and Market Context - The regulatory framework for AMCs has been expanded, allowing them to acquire a broader range of financial non-performing assets, which is crucial for revitalizing credit resources [15] - The ongoing economic transition in China necessitates effective management of financial risks and non-performing assets, positioning AMCs as essential players in maintaining market stability [16][17]

金融界7月31日消息，上证指数低开低走，中证香港300内地高贝塔指数 (H300CNHB，H30237)报 1134.93点。 数据统计显示，中证香港300内地高贝塔指数近一个月上涨15.91%，近三个月上涨26.48%，年至今上涨 34.82%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别是每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对中证香港策略指数系列进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆、停牌等情形的处理，参照计算与维护细 则处理。 本文源自：金融界 从指数持仓来看，中证香港300内地高贝塔指数十大权重分别为：融创中国（3.98%）、招商证券 （3.11%）、中国信达（2.77%）、微创医疗（2.64%）、中国金茂（2.59%）、中金公司（2.57%）、东 方甄选（2.55%）、微创机器人-B（2.53%）、中国银河（2.51%）、新华保险（2.41%）。 从中证香港300内地高贝塔指数持仓的市场板块来看，香港证券交易所 ...

人民财讯7月31日电，企查查APP显示，近日，扬州朗智股权投资合伙企业(有限合伙)成立，经营范围包 含：股权投资。企查查股权穿透显示，该企业由中国信达等共同出资。 ...

Core Viewpoint - China Cinda's plan to reduce its stake in Founder Securities has once again ended without execution, indicating potential issues with the stock price not meeting expectations [2][9]. Summary by Sections Reduction Plans - China Cinda announced a plan to reduce its holdings by up to 82.32 million shares, approximately 1% of the total share capital, between April 29 and July 28, with a potential market value exceeding 600 million yuan at the time [2][3]. - As of July 28, the deadline for the reduction plan, China Cinda did not sell any shares and continues to hold 7.2% of Founder Securities [4]. Historical Context - China Cinda has made five reduction plans since becoming a shareholder of Founder Securities, with only three being executed, and two plans remaining unfulfilled [6]. - The first reduction attempt was in November 2022, which did not result in any sales by the deadline in May 2023 [7]. - The second attempt in July 2023 resulted in a 1% reduction, raising 784 million yuan, with the share price ranging from 8.65 to 10.06 yuan per share [7]. - The third attempt in April 2024 also failed to meet the target, with only a 0.15% reduction achieved [8]. Market Conditions - The failure of the latest reduction plan is attributed to changes in market conditions, particularly the stock price of Founder Securities not reaching the expected levels [9][10]. - During the planned reduction period, the stock price fluctuated between 7.28 yuan and 8.63 yuan, which is lower than the prices during previous successful reductions [10]. Financial Performance - Founder Securities is expected to report a net profit of 2.296 billion to 2.432 billion yuan for the first half of 2025, reflecting a year-on-year increase of 70% to 80% [11].

Core Insights - Yangzhou Longzhi Equity Investment Partnership (Limited Partnership) has been established, focusing on equity investment, with China Cinda (01359.HK) as a major investor [1] Company Information - The partnership was registered on July 29, 2025, and is located in Yangzhou, Jiangsu Province [2] - The total registered capital of the partnership is 177.01 million yuan, with China Cinda Asset Management Co., Ltd. holding a 99.9944% stake [2] - The business scope includes general projects and equity investment, operating independently under its business license [2] Investment Structure - China Cinda Asset Management Co., Ltd. is the primary partner, contributing 177 million yuan, while Shanghai Free Trade Zone Equity Investment Fund Management Co., Ltd. holds a minor stake of 0.0056% [2] - The partnership is set to operate from July 29, 2025, to July 27, 2035 [2]

Core Viewpoint - The announcement from Founder Securities indicates that China Cinda Asset Management Co., Ltd. did not execute its planned share reduction within the specified timeframe, maintaining its current stake in the company [1] Group 1: Share Reduction Plan - On April 7, the company disclosed a share reduction plan by China Cinda, which aimed to reduce up to 82.321 million shares, representing approximately 1% of the total share capital [1] - The planned reduction period was set from April 29 to July 28 [1] - As of July 28, the reduction plan's deadline expired without any shares being sold by China Cinda [1] Group 2: Current Shareholding Status - China Cinda continues to hold 593 million shares, which accounts for 7.2% of the company's total shares [1]