Mar 29, 2023 07:41 PM

FINANCE

Bond Market Tumult Ravages Two Chinese Financial Majors’ Hong Kong Units

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What’s new: Hong Kong-listed arms of two major Chinese financial institutions took a hit to their bottom lines last year as bond prices fell in a tumultuous market.

Bocom International Holdings Co. Ltd. reported an annual loss of HK$3 billion ($380 million), reversing a HK$312 million profit in 2021, the company said in a Monday filing to the Hong Kong Stock Exchange.

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