Jul
04
China’s Big Short Looks More Like a Big Squeeze to Top Investors
By-
Ping An short interest climbs to a record in Hong Kong
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Bears see regulatory risk; bulls tout growth, low valuation
Traders who think they’ve found China’s next big short could be setting themselves up for a squeeze.
That’s the takeaway from top-ranked fund managers and analysts after short interest in Ping An Insurance Group Co., China’s largest non-state controlled financial firm, swelled to a record HK$54 billion ($6.9 billion) in June. It’s by far the biggest bearish wager on Hong Kong’s stock exchange, where most of China’s top companies have listings…
China’s Big Short Looks More Like a Big Squeeze to Top Investors
