b*******r
发帖数: 878 | 1 Shorting China was one of hedge funds’ favorite investments in 2010 and
2011. The strategies mainly focus on shorting companies and industries that are benefiting from China’s real estate bubble. For instance, Jim Chanos raised $20 million in 2010 for an offshore hedge fund that would probably place short bets against China’s property bubble.
There's strong link between the real-estate bubble and the vast rail-way modernization programs and it was evidenced by the ferment interest of property investors in the cities along the new railway lines.
So it shouldn't be surprising to see that massive sell-off in railway shares after the accident contributed to a 3 per cent decline in the Shanghai Composite, the biggest one-day fall in six months for China’s benchmark stock index, and that property developers and other real-estate related stocks were among the biggest fallers in Shanghai, down more than 4 per cent on average.
By far the reason behind the accident remains largely mysterious, despite of different self-conflicting explanations from Chinese authorities. One thing for sure is that if any entity wants to exploit the vulnerability of this nation's computer-controlled railway infrastructure, there are many opportunities for them to do so. |
|
