Cinda prices IPO at the top to raise $2.46 billion

Investors submit more than $60 billion of orders as renewed appetite for China, attractive valuations and strong cornerstone support outweigh concerns about the distressed asset manager.
December 06, 2013

Distressed asset specialist creates IPO buzz

Cinda is looking to raise up to $3 billion from its Hong Kong listing and offers investors unique exposure to an entirely new part of China's financial sector.
November 13, 2013

Growing NPLs won't cripple China banking sector, says S&P

China’s banking sector will have a higher non-performing loan ratio in coming years, but good profitability, strong liquidity and adequate capitalisation will enable the major lenders to absorb unexpected credit losses.
July 22, 2010

China's NPL sell-off switches tack

John Cahill, partner in the real estate group of international law firm, Paul, Hastings, Janofsky & Walker LLP, discusses new niche markets in China''s great NPL sell-off.
November 10, 2004

Chinese NPL resolution

Howard Chao, managing partner at international law firm O''Melveny & Myers, discusses the latest twists and turns in China''s efforts to sell of its non-performing loans (NPLs).
July 17, 2003

Morgan Stanley sets China NPL milestone

O''Melveny & Myers partners Howard Chao and Yi Zhang explain why Morgan Stanley''s purchase of NPLs from Huarong AMC represents a milestone in the reform of the Chinese banking system. The law firm represented the investment bank in the transaction.
March 14, 2003