Summary | SASAC requires that central SOEs' hedging
transactions must be simple derivatives, closely related to
their main business, and must meet accounting requirements for
the treatment of hedging. Meanwhile, drawing a lesson from
earlier SOE financial fiascos due to lack of knowledge or
experience in complicated derivative transactions, SASAC is ...
transactions must be simple derivatives, closely related to
their main business, and must meet accounting requirements for
the treatment of hedging. Meanwhile, drawing a lesson from
earlier SOE financial fiascos due to lack of knowledge or
experience in complicated derivative transactions, SASAC is ...
chinastakes.com | 20 July 2015