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68 central SOEs lose $1.67b on financial derivatives

By Zhao Chunzhe (chinadaily.com.cn)
Updated: 2009-12-03 15:08

Sixty-eight central State-owned enterprises have suffered a floating net loss of 11.4 billion yuan ($1.67 billion) on financial derivatives trading by the end of October, the State-owned Assets Supervision and Administration Commission (SASAC) announced Thursday, Xinhuanet.com reported.

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The sixty-eight companies engaged in derivatives activities with contract value of 125 billion yuan, according to the SASAC.

The sixty-eight companies incurred 130-million-yuan floating losses from the domestic market and 11.27-billion-yuan floating losses from overseas markets.
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