Back in September there was a Chinese article detailing the listed companies who were the most aggressive buyers of WMPs.
IICS: Signs of a Credit Bubble: A-Shares Firms Loading Up on WMPs
I made a portfolio of the 10 largest buyers. Some were extremely large firms such as Shenhua Energy (500 billion yuan market cap) and some small, such as Changsheng Biotech (13 billion yuan market cap). Shenhua's purchase of 31 billion in WMPs (a 40 to 60 billion yuan annual pace depending on the date of the data) is heft next to its market capitalization, but Chansheng Biotech's $9.9 billion was on pace to equal or even exceed its market capitalization.
The portfolio underperformed the Shanghai Composite through Tuesday, down more than 5 percent versus a less than 2 percent decline in the Shanghai Composite.
被前妻举报违纪武汉主任医师 时隔两月“履新”引质疑
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武汉大学人民医院胰腺外科主任医师、武汉大学教授汤志刚,遭前妻举报常年嫖娼、赌博、收回扣被撤职两个月后,被武汉市 […]...
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