Beijing has cracked down on tech companies such as Didi. VCG/Getty Images Fund managers said shorting Chinese stocks became the third most crowded trade in August, according to Bank of America. Beijing has tightened its grip on tech and education companies, causing investors to shift their positions. China policy is now considered a leading tail risk by fund managers, BofA’s August survey showed. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Fund managers said they think investors are ramping up their bets against Chinese stocks…
Shorting Chinese stocks is the third most crowded trade in wake of Beijing’s crackdown, fund managers tell BofA
