Cinda Asset, Beijing Equity Exchange to Jointly Sell Off USD2.4 Billion in NPAs

Cinda Asset, Beijing Equity Exchange to Jointly Sell Off USD2.4 Billion in NPAs

Liao Shumin

Date: Mon, 10/22/2018 - 20:14 / source:Yicai
Cinda Asset, Beijing Equity Exchange to Jointly Sell Off USD2.4 Billion in NPAs
Cinda Asset, Beijing Equity Exchange to Jointly Sell Off USD2.4 Billion in NPAs

(Yicai Global) Oct. 22 -- China Cinda Asset Management has put a batch of non-performing assets up for sale worth more than CNY16 billion (USD2.4 billion) in conjunction with Beijing Equity Exchange.

Some 54 asset projects from a total of 19 provinces and cities nationwide covering a wide range of sectors including wholesale and retail, coal mining, transport and real estate, are up for grabs, Xinhua News Agency-backed Shanghai Securities News reported.

China Beijing Equity Exchange has released creditor’s assets transaction services to help financial institutions and firms deleverage and effectively prevent and eliminate financial risks. The platform provides financial institutions as well as industrial firms with comprehensive services for transfers, debt-to-equity swaps and investments in debt-repaid and creditor’s assets.

China Beijing Equity Exchange officially opened a new section on its official website for creditor’s assets under Cinda Asset Management today and it will provide more details on the projects.

Editor: William Clegg

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Keywords: China Beijing Equity Exchange, China Cinda Asset Management, Non-Performing Asset, Disposition