Kyle Bass of hedge fund Hayman Capital Management tells the Wall Street Journal that 85% of his portfolio is invested in trades shorting the renminbi and the Hong Kong dollar. He thinks the Chinese currency could fall 40% in next three years. It is his biggest wager since he shorted US housing in 2008.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.