According to the 2023 operating results released by China Cinda Asset Management Co., Ltd. on March 26, China Cinda acquired nearly 300 batches of bank non-performing assets throughout the year, with an acquisition scale of more than 180 billion yuan, an increase of 56% over the previous year; the disposal and recovery of cash exceeded 63 billion yuan, an increase of 23% over the previous year, a record high in the past 7 years. In 2023, China Cinda acquired non-performing loans from 79 local small and medium-sized banks totaling 89 billion yuan, an increase of 199% over the previous year.
中国信达2023年收购银行不良资产规模超1800亿元，同比增长56%
China Cinda's acquisition of bank non-performing assets exceeded 180 billion yuan in 2023, an increase of 56% over the previous year
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