68 SOEs lose $1.67b on financial derivatives

Sixty-eight 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.

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 losses from the domestic market and 11.27-billion-yuan losses from overseas markets.
 

Source: BizChina