China (MCHI) top 10 shorts: all 10 sit at -6.6% to -4.9%, median conf 72. Downside risk and vol are dragging most. Every name is bottom 2% univ, sec ranks 1 to 5. Common thread: crowded risk-off scree

China Yangtze Power Co., Ltd. (600900.SS) $600900.SS, -6.6%, conf 71, is the least-bad but still top of the list. Max drawdown ↑ and EPS revision trend ↑ help, illiquidity ↓ drags. CHANGAN AUTOMOBILE (000625.SZ) $000625.SZ, -6.1%, conf 73, is pure vol: downside risk ↓, 60d vol ↓, 20d vol ↓. Orient Securities Company Limited (600958.SS) $600958.SS, -5.7%, conf 73, is 60d vol ↓ plus EPS revision accelerating ↓ and vol instability ↓. CHINA ENERGY ENGINEERING CORP L (601868.SS) $601868.SS, -5.5%, conf 73, has downside risk ↓ and 60d vol ↓, but 12mo momentum ↑ is the odd print. Zheshang Securities Co., Ltd. (601878.SS) $601878.SS, -5.3%, conf 72, adds fwd/trail P/E ↓ to the same downside-risk screen. CHINA NTHN RARE EARTH (GP) HI-T (600111.SS) $GP, -5.2%, conf 73, is illiquidity ↓ and downside risk ↓, with earnings yield vs bonds ↓. China Petroleum & Chemical Corporation (0386.HK) $0386.HK, -5.1%, conf 71, has a real counterprint: EPS revision accelerating ↑. INNER MONGOLIA BAOTOU STEEL UNI

China Yangtze Power Co., Ltd. (600900.SS) $600900.SS, -6.6%, conf 71, is the least-bad but still top of the list. Max drawdown ↑ and EPS revision trend ↑ help, illiquidity ↓ drags. CHANGAN AUTOMOBILE