Sep 14, 2009 03:27 PM

State Assets Regulator Backs Derivative Renegotiations

By staff reporters Eva Wu and Zhang Zheyu

(.com.cn) Regulators have a package of measures ready to support state-owned enterprises in the event the latter defaults on their derivative contracts, an official from the State- Owned Assets Supervision and Administration Commission said.

“Billions of yuan is a lot of money. How long will it take for SOEs to earn back losses like that?” the official, who declined to be identified, told .

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