Astronomic share valuations have gone largely un-sniped by short sellers looking to bet against China’s stock rally as the only easily traded equities derivatives in the A-share market remain restricted to a broad negative wager on major firms, rather than more popular sector and stock-specific bets, The Wall Street Journal reported. “If you want to go short on A-shares, it’s very difficult,” said Kinger Lau, chief China strategist for Goldman Sachs Group. “The market has been pretty one-sided. Everyone is long and everyone is using leverage to increase their exposure. That has amplified the magnitude and the speed of the rally.”
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