Chanos ‘happy’ He Shorted China, But Banks & Real Estate Beating Market

Industrial and Commercial Bank is flat year-to-date, but up 4.36% in the last six months, beating the MSCI China. Its also up 14% in the last three months. The Bank of Communications Bank of Communications continue reading this.. (HKG: 3328) is up 1.2% year-to-date, 1.72% in the last six months, 5.73% in the last three months and 8.06% in the last month, beating the MSCI Emerging Markets Index which is up by 7.32%. In real estate, developer Central China Real Estate (HKG: 0832) is down 13.24% year-to-date, up in the six months and three months period, and down over 4% over the last month. But China New Town Development (HKG: 1278), the kind of high volume penny stock hedgies love even when its overpriced on a price to earnings basis, is up 79.49% YTD, down 10.2% in six months, but up 12.9% in three months and 25% in the last month.
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