Recent events
Recent events tied to this brand in public sources.
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2022
China Cinda cancels planned Ant Consumer Finance stake purchase
China Cinda announced that it would not proceed with the planned RMB 6 billion purchase of a 20% stake in Chongqing Ant Consumer Finance.
2021
Ant Consumer Finance completes RMB 22 billion capital increase
China Cinda announced on December 24, 2021, that Ant Consumer Finance had issued RMB 22 billion in additional registered capital to its subscribers, increasing its registered capital to RMB 30 billion.
2020
Shandong Hongye completes restructuring plan
China Cinda said Shandong Hongye's restructuring plan was successfully completed in September 2020, and that the related work had reached a milestone.
2020
China Cinda completes its exit from Happiness Life
China Cinda completed the transfer of all its equity in Happiness Life and no longer held any interest in the insurer. The article says Cheng Tai Insurance became the largest shareholder with 30% and Dongguan Communications Investment Group became the second-largest with 20.995%.
2020
China Cinda completes sale of its stake in Happiness Life
China Cinda completed the sale of a 50.995% stake in Happiness Life: Chengtai Insurance acquired a 30% stake for RMB 4.412 billion, and Dongguan Transit Group acquired a 20.995% stake for RMB 3.088 billion.
2020
China Cinda fined 9.1 million yuan by regulator
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.
2020
Jiahe Hydropower Station's first generating unit enters operation
The first generating unit of Jiahe Hydropower Station, held by a hydropower fund jointly established by China Cinda and CGN, was connected to the Hubei provincial grid and entered commercial operation.
2020
China Cinda proposes offer for Zhongchang International Holdings
Zhongchang International Holdings announced that China Cinda proposed to acquire all of its issued shares for HK$0.5425 per share.
2020
China Cinda completes sale of its stake in Happiness Life
China Cinda completed its exit from Happiness Life by transferring a 30.39% stake to Cheng Tai Insurance and a 20.995% stake to Dongguan Transit Group. The article states that the transaction was completed in July 2020.
2019
China Cinda president resigns
China Cinda said it received executive director and president Chen Xiaozhou's resignation report on October 28, 2019. He resigned from those roles and a board committee position; the resignation took effect upon delivery of the report to the board.
2019
China Cinda board proposes Zhang Weidong as president
China Cinda's board passed a resolution on October 28, 2019 proposing Zhang Weidong as president. His appointment remained subject to qualification approval by the China Banking and Insurance Regulatory Commission.
2019
China Cinda's Ningxia branch fined over asset acquisition
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.