Most Chinese companies have pledged shares. (Shadow) bank foreclosure “bubble” was the biggest fear and “shortie” was running wild to squeeze for “margin call cliff”.
Country has stepped up to the plate and say “NO WORRY”. We have plenty in our “surplus pool” to pay off the “shadow” private funding.
As such, all the “shortie” is running for cover. That started last Friday.
Kind of hard to arm wrestle with 20 years of “surplus”.
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