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home / news releases / FINV - Chinese fintech stocks drive higher as regulatory fears ease

FINV - Chinese fintech stocks drive higher as regulatory fears ease

PPDAI Group Inc. American Depositary Shares each representing five Class A
With investors getting more clarity on China's regulatory stance, China-based fintech stocks are recovering. Real estate transaction platform KE Holdings (NYSE:BEKE), known as Belke in China, rallies 17%, 360 DigitTech (NASDAQ:QFIN) jumps 15%, and LexinFintech (NASDAQ:LX) rises 11% in midafternoon trading. Quidian (NYSE:QD) rises 8.0% and FinVolution (NYSE:FINV) rises 4.8% even after Citi downgraded the stock to Neutral. Leju Holdings (LEJU -1.9%), though, slips. On a broader scale, KraneShares CSI China Internet ETF (NYSEARCA:KWEB) advances 10%. Earlier, Pinduoduo's first profit highlights big gains for Chinese tech stocks

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Chinese fintech stocks drive higher as regulatory fears ease
Stock Information
Company Name: PPDAI Group Inc. American Depositary Shares each representing five Class A
Stock Symbol: FINV
Market: NYSE
Website: ir.finvgroup.com
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