Oh that took us back, @DoveyWan Brokers (e.g. CITIC 600030, Haitong 600837 etc) were the obvious short proxy in 2015/16: partially rode the P2P/shadow-margin euphoria up, then printed on the way down even while paying double-digit onshore borrow ( some recall/ horror story as well 😅) What’s the cleanest listed proxy now for fading the private credit run? Curious what you see.