China (MCHI) short scan: 6m -6.0%..-4.1%, median conf 71, every name univ 0-2% and sec 1-4%. The drag is common — earnings yield vs bonds in 5 of 10. Valuation/rate squeeze, not a clean sector unwind.

Rongsheng Petrochemical Co., Ltd. (002493.SZ) $002493.SZ top short -6.0% conf 71, but not same play: ↑ 12mo momentum, ↑ max drawdown, ↑ P/B vs 5yr. Xinyi Solar Holdings Limited (0968.HK) $0968.HK is liquidity/valuation — ↑ illiquidity, ↓ 20d turnover, ↓ fwd/trail P/E. LB Group Co., Ltd. (002601.SZ) $002601.SZ is bond-yield drag with ↑ max drawdown. JA Solar Technology Co., Ltd. (002459.SZ) $002459.SZ and CHINA EASTERN AIRLINES CORP (600115.SS) $600115.SS both print ↓ earnings yield vs bonds and ↓ fwd/trail P/E; JA also ↑ illiquidity, China Eastern has ↑ EPS revision accelerating. Zheshang Securities Co., Ltd. (601878.SS) $601878.SS is the low-vol Financials short: ↓ 60d vol, ↓ earnings yield vs bonds, ↓ fwd/trail P/E. China Southern Airlines Company Limited (600029.SS) $600029.SS repeats the airline print — ↓ earnings yield vs bonds, ↓ 60d volatility, ↓ fwd/trail P/E. FOSHAN HAITIAN FLAVOURING AND F (603288.SS) $603288.SS is the Consumer Defensive outlier: ↑ max drawdown, ↑ 12mo moment

Rongsheng Petrochemical Co., Ltd. (002493.SZ) $002493.SZ top short -6.0% conf 71, but not same play: ↑ 12mo momentum, ↑ max drawdown, ↑ P/B vs 5yr. Xinyi Solar Holdings Limited (0968.HK) $0968.HK is l