(Bloomberg) Wagers against Chinese stocks have become so popular that banks are offering returns exceeding 20 percent to anyone prepared to take the other side.
The potential payouts, from firms including BNP Paribas SA and JPMorgan Chase & Co., come in the form of structured products tied to the CSOP FTSE China A50 exchange-traded fund in Hong Kong. The ETF, one of the world’s largest tracking domestic Chinese equities, is a favorite target of hedge funds and other bearish speculators who pushed short interest to a one-year high last month.
