Market volatility takes bite out of China Galaxy’s profit
Securities brokerage China Galaxy Securities Co. Ltd. (6881.HK; 601881.SH) said on Thursday its revenue fell 36.5% to 5.72 billion yuan ($858 million) in the third quarter, as its profit also…
High Templar’s revenue plunges as search for new business continues
High Templar Tech Ltd. (HTT.US), a former Chinese fintech lender now in search of a new business model, on Wednesday reported its revenue plunged 73% to just 8 million yuan…
Yiren Digital names acting head after chairman falls under criminal investigation
Fintech lender Yiren Digital Ltd. (YRD.US) on Tuesday named a new acting CEO, a day after disclosing that its Chairman and CEO Tang Ning was subject to a criminal investigation…
FWD to acquire 25% of Richard Li-backed insurer for $20.72 million
Insurer FWD Group Holdings Ltd. (1828.HK) said on Monday that it has agreed to acquire 25% of Bolttech Insurance (Hong Kong) Com Ltd. for a base consideration of $20.72 million.…
Hong Kong securities industry posts $6.58 billion first-half profit on record transactions
The Hong Kong securities industry posted a net profit of HK$51.7 billion ($6.59 billion) in the first half of 2026, up 21% from the second half of last year, the…
Citic Securities sets the stage for leadership transition
Leading brokerage Citic Securities Co. Ltd. (6030.HK; 600030.SH) has set the stage for a leadership transition that will see the retirement of veteran Chairman Zhang Youjun, financial media Caixin reported…
Qfin CEO resigns as chief executive to lead international expansion
Online loan facilitator Qfin Holdings Inc. (QFIN.US; 3660.HK) said on Sunday that Wu Haisheng will resign as the company’s CEO to focus on developing its international business. In his place,…
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