China's Jiangxi Copper sets up risk control unit

HONG KONG Oct 23 (Reuters) - China's top integrated copper producer, Jiangxi Copper Corp, has set up an emergency unit to deal with market changes in the light of the global financial turmoil, the firm said in a statement on Thursday.

The parent of Jiangxi Copper Co Ltd (0358.HK)(600362.SS) will also tighten controls over futures positions and margin management, the statement on its website said. (www.jxcc.com)

Listed Jiangxi Copper (0358.HK) posted a 27 percent drop in third-quarter net profit this week amid lower copper prices. (Reporting by Polly Yam; Editing by Anne Marie Roantree )