Tags: citic pacificRemove, hedgingRemove

Citic Group agrees to buy FX "hedges" with mark-to-market losses of HK$10.4 billion from its Hong Kong-listed unit in exchange for an interest equity stake.
By Anette Jönsson | 14 November 2008
FX
Citic Pacific's $2 billion loss was characterised as a currency hedge, but if that was really its intention it had quite the opposite effect.
By Nick Ferguson | 23 October 2008
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FinanceAsia Magazine
FinanceAsia
December 2011/January 2012