01-11-2021, 03:39 PM
![](https://i.imgur.com/CLvY2jA.png")
OG! Whitetrash mouthpiece Bloomberg: China is going to crash like no tomorrow!
01-11-2021, 03:40 PM
01-11-2021, 03:40 PM
01-11-2021, 03:41 PM
01-11-2021, 03:42 PM
01-11-2021, 03:42 PM
01-11-2021, 03:47 PM
Instead, these angmoh kena trashed! 
https://www.thestandard.com.hk/section-n...-cash:-SEC
A recent US Securities and Exchange Commission case reveals how Kyle Bass's bet against the Hong Kong dollar has fizzled: He's lost big, ensnaring some investors who funded his short through what the regulator says was an illicit stock offering.
The details were laid out in a September SEC enforcement action that describes illegal financing of an ambitious startup that sought to expose corruption involving Chinese government officials. The startup - GTV Media Group, with ties to self-professed billionaire Guo Wengui and ex-Donald Trump adviser Steve Bannon - raised US$339 million (HK$2.64 billion) through an unregistered share sale last year, according to the SEC.
In June 2020, GTV's parent Saraca Media transferred US$100 million of the proceeds to an unnamed hedge fund that takes positions in the Hong Kong dollar and other Asian currencies, the SEC said. The fund lost more than 95 percent of the US$30 million it invested, according to the SEC. That fund is managed by Bass's Hayman Capital Management, said two people with knowledge of the matter.
Bass, 52, had been bearish on Hong Kong's currency since at least 2019. At the time of the GTV share sale, Hayman was starting a new strategy to make all-or-nothing wagers that the currency's peg to the US dollar would collapse. The SEC, which said its investigation is continuing, hasn't accused Bass or Hayman of wrongdoing.
https://www.thestandard.com.hk/section-n...-cash:-SEC
A recent US Securities and Exchange Commission case reveals how Kyle Bass's bet against the Hong Kong dollar has fizzled: He's lost big, ensnaring some investors who funded his short through what the regulator says was an illicit stock offering.
The details were laid out in a September SEC enforcement action that describes illegal financing of an ambitious startup that sought to expose corruption involving Chinese government officials. The startup - GTV Media Group, with ties to self-professed billionaire Guo Wengui and ex-Donald Trump adviser Steve Bannon - raised US$339 million (HK$2.64 billion) through an unregistered share sale last year, according to the SEC.
In June 2020, GTV's parent Saraca Media transferred US$100 million of the proceeds to an unnamed hedge fund that takes positions in the Hong Kong dollar and other Asian currencies, the SEC said. The fund lost more than 95 percent of the US$30 million it invested, according to the SEC. That fund is managed by Bass's Hayman Capital Management, said two people with knowledge of the matter.
Bass, 52, had been bearish on Hong Kong's currency since at least 2019. At the time of the GTV share sale, Hayman was starting a new strategy to make all-or-nothing wagers that the currency's peg to the US dollar would collapse. The SEC, which said its investigation is continuing, hasn't accused Bass or Hayman of wrongdoing.
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