By Yifan Wang

China Cinda Asset Management Co. said it plans to spin off and separately list its brokerage unit on a Chinese stock exchange.

The subsidiary, Cinda Securities Co., engages in the businesses of securities brokerage, securities underwriting and sponsorship, and proprietary securities trading, said China Cinda, an asset-management firm specializing in restructuring soured debts.

The company said it has submitted an application to start the unit's pre-listing processes to Chinese regulators, adding the proposed deal is subject to market conditions and relevant approvals. 



  Write to Yifan Wang at yifan.wang@wsj.com