The leveraged foreign exchange contracts for the Australian iron ore project have caused CITIC Pacific Limited (00267.HK) a total loss of 8.08 billion Hong Kong dollars; and the still effective leveraged foreign exchange contracts, the fair value losses are as high as 14.7 billion Hong Kong dollars. CITIC Pacific suspended trading yesterday and released the above news after the Hong Kong stock market closed. Chairman of CITIC Pacific, Rong Zhiqiang, said that the company will coordinate a large-scale provision of 1.5 billion US dollars, and the performance this year will turn to a loss.