CHINA CINDA and three other major AMCs will provide a minimum of 40 billion yuan in intended investment to Qingdao within five years.

The four major Asset Management companies (AMC) including CITIC Financial Assets (02799.HK), China Greatwall Technology Group, China Orient, and CHINA CINDA (01359.HK) have gathered in Qingdao to jointly hold a meeting to support the high-quality development of Qingdao. They expressed their intention to engage in comprehensive and pragmatic cooperation with Qingdao City focusing on supporting its high-quality development in areas such as the acquisition and disposal of non-performing assets, the spin-off of state-owned enterprises, revitalizing existing assets, corporate restructuring and relief, prevention and resolution of local debt risks, establishment of industrial investment Fund, ensuring the steady running of Real Estate companies, providing comprehensive financial services, and aiding the development of the financial industry, with a commitment over the next five years to Qingdao.

AASTOCKSDec 19 12:56

Express News | The Hong Kong court has postponed the hearing for JINGRUI HLDGS' winding-up petition to January 22 next year. CITIC Financial Assets International Holdings submitted a winding-up petition against JINGRUI HLDGS to the Hong Kong High Court on October 10. (I

BreakingsDec 18 10:20

Citigroup Financial assets (02799) appoints Yang Yi and Chen Pengjun as vice presidents.

China CITIC Financial Assets (02799) announced that the board of directors at the board meeting held on December 6, 2024...

Zhitong FinanceDec 6 18:43

Express News | China Galaxy invests in Tai Da eco-friendly concept.

BreakingsDec 5 10:52

Express News | Seazen Holdings, CITIC Financial Assets, etc. established a management partnership in Nanjing.

BreakingsNov 21 10:04

China CITIC Financial Asset Management to Further Acquire Shares of CITIC Limited, Bank of China, China Everbright Bank

MT NewswiresNov 14 17:33