Corporate profile: Containing risk at China’s CSCL
China Shipping Container Lines (CSCL) is one of the world’s largest container shipping lines by capacity. Its chief financial officer, Zhao Xiaoming, explains how the shipping company manages its corporate treasury risk, which still involves limited derivatives activity
China Shipping Container Lines (CSCL), a unit of state-owned China Shipping (Group) Company, is one of China's top two largest container shippers. It reported a net profit attributable to shareholders of 4.2 billion yuan ($656 million) in the financial year 2010, reversing the company's net loss of 6.5 billion yuan in 2009. The Hong Kong stock exchange-listed company raised 15 billion yuan from an A-share IPO in 2007, significantly improving the company's financial position and enabling it to
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