Users: LZ: Investing in Chinese Stocks—投资大中华地区股市

Investing in Chinese Stocks—投资大中华地区股市

Changsheng Bio-technology, maker of fake vaccines, fell for 31 consecutive days. A new record in China.


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John Hempton (Aus hedge fund manager) with some comments on a related company, CBPO, China Biologic Products, which may be a real company making real stuff. 
Their competitor, Changsheng Bio-technology (plotted above by LZ8) apparently is facing the wrath of Xi, at the worst possible time. Not goof for the stock. 
Hempton writes: 
"I got a little lucky. There was a vaccine scandal in China after I put the position on. One of the tainted products was rabies antibodies - a direct competitor to China Biologic. At a minimum fairly heavy regulation is coming. Xi commented extensively and was clearly angry. And when the Supremo is angry with blood products and vaccines a risk averse organisation like CITIC buying in seemed unlikely. 
Here are a few Xi quotes - as per the South China Morning Post... 
“The violations by Changchun Changsheng Bio-technology are serious and appalling,” state broadcaster CCTV quoted Xi as saying...  
Xi also ordered the authorities to use severe punishment “to cure the chronic disease [of corruption] and scratch poison from one’s bones”.  
He told the authorities to resolutely “improve the supervision of vaccines and guard the bottom line of safety in order to safeguard public interest and social security”. 9/5/18