cinda

Are bond investors failing to heed HNA’s lessons by taking a sanguine view about Huarong’s financial woes?

China Cinda garnered an impressive order book of $19 billion for a four-part deal, while China Re received $2.3 billion of orders for its debut.

China’s biggest and best known banks have issued a stream of additional tier one bonds over the last two years. Now, it is time for the smaller players to have their turn.

China Cinda Asset Management topped up its capital with a $3.2 billion alternative tier one bond, generating blow-out demand despite an aggressive approach.

The country should form new bad debt agencies, encourage foreign distressed debt specialists and create a proper bad debt resolution process, or risk a full-blown credit crisis.

The private equity firm has teamed up with bad bank China Orient to pick over soured loans backed by real estate.

Despite a partnership with China Cinda, the distressed debt investor is finding it hard to put money to work in Chinese NPLs, reveals Oaktree Capital co-founder Howard Marks.

The distressed debt house's float is weak compared to peers, but the successful completion on the back of cornerstone commitments is key to Beijing's market liberalisation plans.

Ten mainly Chinese state-backed cornerstone investors have committed $1.6 billion for approximately 70% of the shares on offer.