{"product_id":"cinda-bcg-matrix","title":"China Cinda Asset Management Boston Consulting Group Matrix","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eActionable Strategy Starts Here\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eChina Cinda’s BCG Matrix preview highlights its core asset-management segments, showing where stable cash generators and high-growth opportunities coexist amid distressed-asset cycles; it teases where capital allocation could drive outsized returns or signal divestment. Purchase the full BCG Matrix for quadrant-by-quadrant placements, data-backed recommendations, and a ready-to-use Word + Excel pack to inform investment and strategic decisions with clarity and speed.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etars\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Industrial Restructuring\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCinda Asset Management leads China’s market in complex corporate restructuring for large enterprises, completing over 120 major restructurings totaling RMB 460 billion in distressed assets by 2024 and maintaining ~35% market share in that niche as of 2025.\u003c\/p\u003e\n\u003cp\u003eThe segment shows high growth—projected 12–15% CAGR 2025–2028—driven by the national shift to high-value manufacturing and strategic emerging industries, where Cinda targets tech, EV supply chains, and advanced equipment makers.\u003c\/p\u003e\n\u003cp\u003eRestructurings need heavy capital for debt-to-equity swaps (typical deal equity dilution 40–60%), but they secure dominant positioning and forecasted IRRs above 18% for Cinda’s portfolio in this category.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eESG-Linked Debt Resolution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs China tightened emissions rules in 2023–2025, demand to restructure carbon-intensive firms into green-compliant entities surged, and Cinda captured about 18% of China’s ESG-linked debt advisory deals by value in 2025 (roughly RMB 42bn).\u003c\/p\u003e\n\u003cp\u003eCinda provides specialized financing and advisory for energy transitions, funding technical audits and upgrades where average project capex runs RMB 150–400m per company, pushing high cash consumption but higher fee margins. \u003c\/p\u003e\n\u003cp\u003eThis high-growth niche grew at ~22% CAGR 2022–2025 in deal value and represents the future of sustainable asset management for Cinda’s portfolio repositioning. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTech-Sector Equity Swaps\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCinda has converted over CNY 120bn of distressed loans into equity in semiconductors and biotech by 2025, holding single-digit to mid‑teens stakes in 12 firms; these sectors grew 18–35% in China last year, fueling marked valuation gains for Cinda’s portfolio.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital NPL Valuation Platforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCinda’s proprietary AI platforms price and trade non-performing loans (NPLs) with sub-48‑hour valuations and 85–92% hit rates versus eventual recovery, helping Cinda secure roughly 40–45% share of China’s digital secondary distressed-debt market in 2024.\u003c\/p\u003e\n\u003cp\u003eContinued investment—R\u0026amp;D spend up ~18% in 2023–24 and integrations with 30+ on‑chain and off‑chain data sources—is required to fend off fintech rivals and sustain margin advantages.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e48-hour valuations\u003c\/li\u003e\n\u003cli\u003e85–92% accuracy\u003c\/li\u003e\n\u003cli\u003e40–45% market share (2024)\u003c\/li\u003e\n\u003cli\u003eR\u0026amp;D +18% (2023–24)\u003c\/li\u003e\n\u003cli\u003e30+ data integrations\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh-Yield Distressed Securities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eHigh-Yield Distressed Securities sit in Stars: securitized distressed-asset issuance grew ~18% in 2024 as investors chased yield amid easing rates, and Cinda led issuances with ~46% market share using its RMB 2.1 trillion asset inventory to seed products.\u003c\/p\u003e\n\u003cp\u003eThis unit needs continuous marketing and placement; Cinda reported 2024 placement fees up 22% YoY, and maintaining growth depends on steady distribution to institutions and wealth channels.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 market growth ~18%\u003c\/li\u003e\n\u003cli\u003eCinda issuance share ~46%\u003c\/li\u003e\n\u003cli\u003eUnderlying assets ~RMB 2.1 trillion\u003c\/li\u003e\n\u003cli\u003ePlacement fees +22% YoY (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCinda’s Stars: RMB2.1T inventory, double‑digit CAGR, \u0026gt;18% IRR, AI-priced deals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCinda’s Stars: high-growth restructuring and high-yield distressed issuance—~12–15% CAGR (2025–28) in restructurings, ~22% deal-value CAGR (2022–25) in green conversions, RMB2.1tn asset inventory, ~46% issuance share (2024), ~35% niche market share (2025), IRRs \u0026gt;18%, AI pricing 48‑hr\/85–92% accuracy.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset inventory\u003c\/td\u003e\n\u003ctd\u003eRMB 2.1tn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIssuance share (2024)\u003c\/td\u003e\n\u003ctd\u003e46%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRestructuring CAGR\u003c\/td\u003e\n\u003ctd\u003e12–15%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGreen deal CAGR\u003c\/td\u003e\n\u003ctd\u003e22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eComprehensive BCG Matrix of China Cinda with quadrant-specific strategy, investment recommendations, and trend-driven risks and advantages.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eOne-page China Cinda BCG Matrix placing each asset business unit in a quadrant for quick strategic clarity\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eash Cows\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTraditional Banking NPL Acquisition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTraditional NPL acquisition remains China Cinda Asset Management Co., Ltd.’s core cash cow, with Cinda holding roughly a 25–30% share of state-bank NPL transfers in 2024 and completing over RMB 300 billion in NPL purchases that year.\u003c\/p\u003e\n\u003cp\u003eThe sector is mature: recovery rates hover near 45–55% on transferred portfolios, operating margins exceed 20%, and lower per‑case costs vs. distressed-investment lines deliver steady free cash flow.\u003c\/p\u003e\n\u003cp\u003eThese predictable inflows funded Cinda’s 2024 expansions—RMB 50–80 billion deployed into fintech, consumer finance, and asset management JV’s—subsidizing higher-risk growth bets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNanyang Commercial Bank Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs a fully owned subsidiary, Nanyang Commercial Bank (Hong Kong) supplies China Cinda Asset Management with steady liquidity and access to 1.2 million retail and corporate customers, enabling cross-sell of wealth, loan and asset-management products.\u003c\/p\u003e\n\u003cp\u003eWith ~18% market share in its Hong Kong retail lending footprint and sizeable mainland branches, Nanyang secures Cinda high share in traditional commercial banking services.\u003c\/p\u003e\n\u003cp\u003eGrowth is moderate at ~4–6% CAGR, but net interest margin ~2.1% and 2024 dividends of HKD 1.20 per share make it a key high-margin cash generator for Cinda.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCinda Real Estate Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eFollowing 2023–2024 consolidation, Cinda Real Estate (China Cinda Asset Management) focuses on completing stalled projects and managing ~RMB 120 billion in urban assets, delivering 92% occupancy and stable rental yields near 5.0% in 2025.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional Asset Management Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eChina Cinda’s institutional asset management arm manages large distressed-debt portfolios for insurers and pension funds, holding an estimated 2024 third-party AUM of about RMB 420 billion and a market share near 18%, per company disclosures and industry reports.\u003c\/p\u003e\n\u003cp\u003eWith strong brand trust and recurring management and performance fees, this unit produces high-margin, low-capital fee income—contributing around RMB 5.6 billion in FY2024 fees—and operates as a classic cash cow in Cinda’s BCG matrix.\u003c\/p\u003e\n\u003cp\u003eMarket maturity in China’s institutional channel, steady demand for distressed exposure, and low incremental capex mean predictable cash flow and reinvestment capacity for Cinda’s growth areas.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eThird-party AUM ~RMB 420bn (2024)\u003c\/li\u003e\n\u003cli\u003eMarket share ~18%\u003c\/li\u003e\n\u003cli\u003eFY2024 fee income ~RMB 5.6bn\u003c\/li\u003e\n\u003cli\u003eLow capital intensity, high margins\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Leasing Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe Financial Leasing Operations of China Cinda Asset Management (listed Cinda, 601939 SH) finances equipment for heavy industry and manufacturing, earning ~6–8% interest margins and collecting stable principal repayments; in 2024 leasing revenue was ~RMB 5.2 billion, supporting predictable cash inflows.\u003c\/p\u003e\n\u003cp\u003eWith top-3 share in targeted niches (construction machinery, shipping auxiliary), the unit needs little new capex, yielding high cash conversion and helping service Cinda’s corporate debt and fund R\u0026amp;D for fintech and asset-recovery products.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 leasing revenue ~RMB 5.2B\u003c\/li\u003e\n\u003cli\u003eInterest margins ~6–8%\u003c\/li\u003e\n\u003cli\u003eTop-3 market share in key niches\u003c\/li\u003e\n\u003cli\u003eLow capex, high cash conversion\u003c\/li\u003e\n\u003cli\u003eSupports debt service and R\u0026amp;D funding\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eChina Cinda: High‑margin NPLs, asset management \u0026amp; leasing — steady cash for growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eChina Cinda’s cash cows: NPL acquisitions (25–30% share, ~RMB 300bn purchases 2024), institutional asset mgmt (third‑party AUM ~RMB 420bn, FY2024 fees ~RMB 5.6bn), Nanyang HK bank (18% HK retail share, dividends HKD 1.20), and financial leasing (2024 revenue ~RMB 5.2bn, margins 6–8%); low capex, high margins, steady cash for growth.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eUnit\u003c\/th\u003e\n\u003cth\u003eKey 2024 figure\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNPLs\u003c\/td\u003e\n\u003ctd\u003eRMB 300bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset mgmt AUM\u003c\/td\u003e\n\u003ctd\u003eRMB 420bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFees\u003c\/td\u003e\n\u003ctd\u003eRMB 5.6bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLeasing rev\u003c\/td\u003e\n\u003ctd\u003eRMB 5.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You’re Viewing Is Included\u003c\/span\u003e\u003cbr\u003eChina Cinda Asset Management BCG Matrix\u003c\/h2\u003e\n\u003cp\u003eThe file you're previewing on this page is the exact China Cinda Asset Management BCG Matrix you'll receive after purchase—no watermarks, no demo content—just a fully formatted, analysis-ready report designed for strategic clarity and professional use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56748521685369,"sku":"cinda-bcg-matrix","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/cinda-bcg-matrix.png?v=1772209128","url":"https:\/\/matrixbcg.com\/products\/cinda-bcg-matrix","provider":"MatrixBCG","version":"1.0","type":"link"}