The defendants say Citic Pacific’s financial position was not clear when a September 12, 2008, filing went out. Photo: AFP

China's Citic Pacific foreign exchange trades ‘out of control’ before ringing up massive losses

Market Misconduct Tribunal hearing shows company given clean bill of health despite risks in hedging product which led to Citic being on the hook for HK$14.7 billion

Topic |   Citic Pacific

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The defendants say Citic Pacific’s financial position was not clear when a September 12, 2008, filing went out. Photo: AFP
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