charted

Ping An Becomes Biggest Bearish Wager in Hong Kong

Though fund managers say bets against insurer may go wrong
Data: Hong Kong's Securities and Futures Commission, Webb-site.com; graphic by Bloomberg Businessweek

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. However, top-ranked fund managers and analysts say short sellers may be in for a squeeze, arguing that Ping An’s low valuation, outsize growth and knack for avoiding the government spotlight could extend the stock’s rally this year.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE