China Cinda Asset Management controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
2020
China Cinda fined 9.1 million yuan by regulator
Fine or penalty
In a regulatory action, China's banking and insurance regulator imposed a total fine of 9.1 million yuan on China Cinda Asset Management. The penalty concerned imprudent asset acquisitions, improper acquisitions of ordinary assets from non-financial institutions, and concealing risks through internal transactions. The regulator announced the fine as part of its enforcement measures against the company.
China's banking and insurance regulator fined China Cinda a total of 9.1 million yuan over imprudent asset acquisitions, improper acquisitions of ordinary assets from non-financial institutions, and concealing risks through internal transactions.
Source excerpt
中国银行保险监督管理委员会决定对其处以罚款合计910万元。
银保监会网站5月18日公布的中国银行保险监督管理委员会行政处罚信息公开表
中国信达资产管理股份有限公司（简称“中国信达”，港股简称“CINDA 16USDPREF”，HK.04607）存在以下违法违规事实：（一）资产收购不审慎；（二）违规收购非金融机构正常资产；（三）通过内部交易掩盖风险。
2019
China Cinda's Ningxia branch fined over asset acquisition
Fine or penalty
The Ningxia branch of China Cinda Asset Management was fined 200,000 yuan by the Ningxia Banking and Insurance Regulatory Bureau. According to the regulator, the penalty was imposed because the branch's asset acquisitions were imprudent and seriously violated prudent operating rules. The fine was announced in 2019.
The Ningxia branch of China Cinda was fined 200,000 yuan by the Ningxia Banking and Insurance Regulatory Bureau for imprudent asset acquisitions that seriously violated prudent operating rules.
Source excerpt
中国信达资产管理股份有限公司(简称中国信达，股票代码01359.HK)宁夏回族自治区分公司资产收购不审慎，严重违反审慎经营规则。依据《中华人民共和国银行业监督管理法》第四十六条第五项，宁夏银保监局对其罚款二十万元。
中国银保监会福建监管局决定对中国信达资产管理股份有限公司福建省分公司处以350万元罚款
违规收购金融机构非不良资产、收购非金债权未切实履行尽职调查工作职责