Shorting China’s Priciest Stocks Is Now Easier With CSOP ETF
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CSOP Asset Management Ltd. is handing Hong Kong investors a way to bet against China’s most expensive stocks.
The CSOP SZSE ChiNext ETF became the first exchange-traded fund in Hong Kong to track the ChiNext index of small-company shares when it started trading Friday, according to Jack Wang, managing director at CSOP. The ChiNext surged 113 percent in Shenzhen this year through yesterday, versus a 35 percent gain for the benchmark Shanghai Composite Index.