** Shares of China Cinda Asset Management 1359.HK fall 6.7% to HK$1.11, their lowest levels since Jan 16, and on course for a second session of decline

** Stock posts its biggest intraday pct fall since Jan 2, and is top pct decliner in Hang Seng Composite Index .HSCIF, tracking financials, which slips 0.2%

** The Chinese distressed asset management and financial services group expects its 2024 net profit to drop 40%-50% Y/Y amid decline in investment income of certain equity assets as impacted by market conditions

** Stock jumped 62.8% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))