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Cinda Sees Opportunities as Distressed Assets Expand 80% in 2014

China Cinda Asset Management Co., one of four state-owned managers of soured loans, increased its distressed-asset holdings 80 percent last year and expects buying opportunities to expand as the nation’s economy slows.

China’s largest so-called bad bank held 206.8 billion yuan ($33 billion) of distressed debts in 2014 from 114.8 billion yuan the previous year, according to financial results filed to the Hong Kong stock exchange Friday. Cinda posted a 32 percent increase in net income to 11.9 billion yuan.