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Citic's Bad Bet Trading Loss Could Spark A Crackdown On Red Capitalists

机译:中信的糟糕赌注交易损失可能引发对红色资本家的镇压

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摘要

An unauthorized currency bet that could cost Hong Kong-listed Citic Pacific HK$15.5 billion ($2 billion) in trading losses has triggered a crackdown on "red capitalists," the sons and daughters of senior Communist Party officials who took over the reins of many of China's leading government-run businesses in the early 1990s. "Many state-owned enterprises have operated as independent fiefdoms - the head doesn't know what its arms are doing," says Beijing-based Laurence Brahm, an adviser on reforming state-owned companies. "It's the beginning of the end of red capitalism as we know it."
机译:在香港上市的中信泰富(Citic Pacific)遭受未经授权的货币下注可能造成155亿港元(20亿美元)的交易损失,从而打击了“红色资本家”,这是共产党高级官员的儿子和女儿,他们接管了许多1990年代初期,中国领先的政府经营企业。总部设在北京的国有企业改革顾问劳伦斯·勃拉姆(Laurence Brahm)表示:“许多国有企业都是独立的领地,他们的头目不知道其武器在做什么。” “这是我们所知道的红色资本主义终结的开始。”

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