Some time ago we created a short basket of Chinese fraudcaps based on every single Buy recommendation from disgraced brokerage firm Global Hunter Securities. So far the basket has returned about 50%. However, as Sino Forest indicates, there is much more room to go as fraud after fraud get exposed. Therefore, to make readers' lives easy in creating a new and improved Chinese short basket, below is every single Chinese company which began trading through a reverse merger on the NYSE and Nasdaq. Sooner or later, 99% of these companies will be trading at $0.00, although neither the cash strapped Nasdaq, nor the irrelevant NYSE will ever refund listing fees to the soon to be defunct companies. In the meantime, creating a short basked from all of these names is easily a good repeat of a slow bleed trade.

Full list of every single reverse merger still trading:

NAME TICKER EXCHANGE AgFeed Industries FEED Nasdaq American Lorain ALN NYSE Amex Aoxing Pharmaceutical AXN NYSE Amex A-Power Energy Generation Systems APWR Nasdaq AutoChina International AUTC Nasdaq China Armco Metals CNAM NYSE Amex China Auto Logistics CALI Nasdaq China Automotive Systems CAAS Nasdaq China BAK Battery CBAK Nasdaq China Biologic Products CBPO Nasdaq China Botanic Pharmaceutical CBP NYSE Amex China Cablecom Holdings CABL Nasdaq China Ceramics CCCL Nasdaq China Fire & Security Group CFSG Nasdaq China GengSheng Minerals CHGS NYSE Amex China HGS Real Estate HGSH Nasdaq China Housing & Land Development CHLN Nasdaq China Information Technology CNIT Nasdaq China Infrastructure Investment CIIC Nasdaq China Jo-Jo Drugstores CJJD Nasdaq China Marine Food Group CMFO NYSE Amex China Natural Gas CHNG Nasdaq China North East Petroleum Holdings NEP NYSE Amex China Nutrifruit Group CNGL NYSE Amex China Pharma Holdings CPHI NYSE Amex China Recycling Energy CREG Nasdaq China Ritar Power CRTP Nasdaq China Shen Zhou Mining & Resources SHZ NYSE Amex China Shengda Packaging Group CPGI Nasdaq China Shenghuo Pharmaceutical Holdings KUN NYSE Amex China Sky One Medical CSKI Nasdaq China TransInfo Technology CTFO Nasdaq China Valves Technology CVVT Nasdaq China XD Plastics CXDC Nasdaq China Yida Holdings CNYD Nasdaq China-Biotics CHBT Nasdaq ChinaCast Education CAST Nasdaq ChinaNet Online Holdings CNET Nasdaq Cleantech Solutions International CLNT Nasdaq Cogo Group COGO Nasdaq Deer Consumer Products DEER Nasdaq Ever-Glory International Group EVK NYSE Amex Feihe International ADY NYSE General Steel Holdings GSI NYSE Guanwei Recycling GPRC Nasdaq Gulf Resources GFRE Nasdaq Harbin Electric HRBN Nasdaq Highpower International HPJ Nasdaq Hollysys Automation Technologies HOLI Nasdaq Jiangbo Pharmaceuticals JGBO Nasdaq Jingwei International JNGW Nasdaq Kandi Technologies KNDI Nasdaq Keyuan Petrochemicals KEYP Nasdaq Kingold Jewelry KGJI Nasdaq Longwei Petroleum Investment Holding LPH NYSE Amex New Energy Systems Group NEWN NYSE Amex NF Energy Saving NFEC Nasdaq NIVS IntelliMedia Technology Group NIV NYSE Amex Orient Paper ONP NYSE Amex Origin Agritech SEED Nasdaq Orsus Xelent Technologies ORS NYSE Amex Puda Coal PUDA NYSE Amex QKL Stores QKLS Nasdaq Shengkai Innovations VALV Nasdaq Shiner International BEST Nasdaq Sinohub SIHI NYSE Amex Sinovac Biotech SVA Nasdaq SkyPeople Fruit Juice SPU Nasdaq Skystar Bio-Pharmaceutical SKBI Nasdaq SmartHeat HEAT Nasdaq SORL Auto Parts SORL Nasdaq Sutor Technology Group SUTR Nasdaq Telestone Technologies TSTC Nasdaq THT Heat Transfer Technology THTI Nasdaq Tianyin Pharmaceutical TPI NYSE Amex Tiens Biotech Group TBV NYSE Amex Winner Medical Group WWIN Nasdaq Wonder Auto Technology WATG Nasdaq Wuhan General Group China WUHN Nasdaq Yongye International YONG Nasdaq Yucheng Technologies YTEC Nasdaq Yuhe International YUII Nasdaq Zhongpin HOGS Nasdaq Zoom Technologies ZOOM Nasdaq

Source: Bloomberg