China Backs Battle To Recover Derivative Losses

08 Sep 2009

China’s State-owned Assets Supervision and Administration Commission said it supports legal efforts by state-owned companies to recover losses from derivatives.

China’s State-owned Assets Supervision and Administration Commission said it supports legal efforts by state-owned companies to recover losses from derivatives. SASAC said in a statement that it is “a very normal action for enterprises to use legal tools to protect their deserved rights in commercial activities.” Bankers said ...

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