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China to Limit SOEs' Financial Derivative Deals

05-07 13:37 Caijing

» China will restrict access by state-owned enterprises (SOE) to licenses permitting the trading of financial derivatives, while cracking down on unauthorized trading by unlicensed parties.
» At least 28 central government-controlled enterprises invested in derivatives in 2008, with most of them booking losses, putting national assets and security at risk.
From wires
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