US EUROPE AFRICA ASIA 中文
    Business / Corporate Reports

    China Cinda profit jumps 23.6%

    By Zheng Yangpeng (chinadaily.com.cn) Updated: 2014-03-31 17:46

    In its first quarterly report since an initial public offering in November, China Cinda Asset Management said its net profit for 2013 rose 23.6 percent to reach 9.03 billion yuan ($1.45 billion).

    The bad loans business made up the largest business sector of the Hong Kong-listed company, contributing 21.8 billion yuan, or 51.5 percent of the company's annual revenue, Cinda said in its Friday report.

    Pre-tax profit for the sector contributed 8.3 billion yuan, or 70.6 percent of the total profit, the company said.

    China Cinda was created in 1999 as a bailout vehicle for China's bad debts. It is one of the four largest State-owned asset management companies in China.

    Cinda's asset expansion reflected the increasing level of distressed loans in China as the economy entered a downward economic cycle. Wu Songyun, vice-president of the company, said in a statement that the majority of bad loans that Cinda purchased last year were in the country's eastern Yangtze River Delta region. The loans were primarily in the steel trade, shipbuilding and solar energy sectors.

    China Cinda profit jumps 23.6%

    China Cinda profit jumps 23.6%

    Top 10 trading partners of the Chinese mainland

    China's top 10 richest cities

    Hot Topics

    Editor's Picks
    ...
    ...
    无码国产精品一区二区免费16| 中文字幕乱码一区二区免费| 中文字幕一精品亚洲无线一区| 在人线AV无码免费高潮喷水| 天堂资源中文最新版在线一区| 69久久精品无码一区二区 | 亚洲国产精品无码久久| 久久亚洲精品中文字幕| 久久精品无码专区免费 | 亚洲中文字幕无码日韩| 中文字幕你懂的| 中文字幕丰满乱子无码视频| 久久久无码精品亚洲日韩按摩 | 区三区激情福利综合中文字幕在线一区 | 无码精品前田一区二区| 无码人妻久久一区二区三区免费| 色综合久久中文综合网| 伊人久久一区二区三区无码| 久久无码av三级| 国产白丝无码免费视频| 精品无码AV一区二区三区不卡| 亚洲AV无码一区二区三区系列 | 无码乱肉视频免费大全合集| 天堂资源8中文最新版| 中文字幕AV一区中文字幕天堂| 国产精品无码国模私拍视频| 久久久久久国产精品无码超碰| 国模无码人体一区二区| 最近更新中文字幕第一页| 国内精品久久久人妻中文字幕| 亚洲精品中文字幕无码蜜桃| 久久受www免费人成_看片中文| 青春草无码精品视频在线观| 亚洲AV无码一区二区大桥未久| 老子影院午夜精品无码| 国产精品无码久久综合网| 2019亚洲午夜无码天堂| 国产高清无码毛片| 无码AV动漫精品一区二区免费| 亚洲欧美综合中文| 日韩AV无码中文无码不卡电影|