JP - Jupai's Q2 Results: An Overview
Chinese wealth and asset manager Jupai (US:JP) today provided Q2 results. You can view my earlier, extensive long-thesis on Jupai here.
Anyone not living under a rock can observe that China is having a hard time. Tariffs are putting pressure on the economy. The government is increasing regulation to reduce systemic risks. Last quarter, a lot of fraudulent P2P-lending platforms collapsed, causing Chinese investors to become very cautious.
Along with other US-listed China financial sector peers, Jupai’s share price was cut in half during the last three months. So how bad