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  1. BOC profit stung by global exposure

    Posted Aug 29th 2008, 12:00am by Tom Miller

    ... of more risk factors and uncertainties.' At the end of June, the bank held US$10.6 billion of bonds issued by beleaguered US mortgage companies Fannie Mae and Freddie Mac, while holdings of US subprime-related securities were worth US$5.47 billion. BOC president Li Lihui said the value of the bank's original Fannie Mae and Freddie Mac holdings had decreased by US$4 billion ...

    http://www.scmp.com/article/650697/boc-profit-stung-global-exposure

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