SASAC Firms Lose USD1.67Bln From Derivatives

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SASAC Firms Lose USD1.67Bln From Derivatives

Nearly 70 enterprises owned by the Chinese government suffered combined losses of CNY11.4 billion (USD1.67 billion) from CN125 billion in derivative investments as of Oct. 31, 2008, according to the State-Owned Assets Supervision and Administration Commission.

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