Property News · August 2, 2017

As Sun Hongbin’s wealth triples, short sellers see a fat target


Short sellers are calling time on the remarkable rise of Sun Hongbin.
The Chinese billionaire, whose roller-coaster career has included a stint in prison and the forced sale of a developer he once predicted would become the nation’s largest, finds himself in the cross hairs of hedge funds and other bearish speculators after the biggest hot streak of his nearly three decades in business. Sun’s fortune has more than tripled this year to US$5.1 billion after shares of his real estate…

Source : South China Morning Post
Read more…As Sun Hongbin’s wealth triples, short sellers see a fat target