We have conducted a comprehensive credit check up on Chinese H shares and A shares using the Altman Z score. This is a solid test which measures how effectively corporates manage their balance sheets. It looks at efficiency, profitability, asset turnover, working capital and debt levels. The credit study we conducted involved US$1.5 Tr of market cap. ————————————————————————– Full report is available in “RESEARCH” ————————————————————————–