Citic Writes Down Balance Of SIVs

21 Aug 2008

Citic International Financial Holdings wrote down another HKD718 million (USD 92 million) in structured investment vehicles in the first half of this year, leaving the investment company without any exposure to SIVs. The current figure is on top of HKD 1.31 billion (USD 167.7 million) write-down last year. ...

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