Cinda asset management companies belong to the jurisdiction of the state-owned assets supervision and administration of state-owned enterprises (soes) chairman of the board of directors appointed by state-owned assets supervision and administration commission, of course, China cinda asset management co., LTD., approved by the State Council on (date) (month) (year) was established in Beijing is an independent legal entity of state-owned financial enterprises registered capital of one hundred million yuan China cinda asset management company's business scope includes acquisition and stripping of bad assets recovery in local and foreign debt in the local financial institutions to buy local and non-performing loans form transfer the assets to be leasing or other forms of restructuring of local and foreign debt to equity and asset management stage of the enterprise ownership within the scope of the company's listed recommended bonds and equity underwriting Non-performing Asset Securitizatio