Investment Thesis
Most Chinese consumer finance companies operate as private or semi-government-owned companies and investing in a public Chinese bank carries its own risks of macro and microeconomic conditions in the People's Republic of China due to government manipulation and regulations. Other companies like Hexindai (HX) are offering US investors the opportunity to be a part of a booming industry, and LexinFintech (LX) is no different.
LexinFintech provides peer-to-peer and online-to-offline financing solutions to the lower and middle classes in China. As most major financial institutions in China service higher-income