PODCAST: Relaxing Data Requirements, and a Big Dividend
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
Investors unimpressed by massive dividend from shrinking Lufax
The online lender’s American depositary shares rose by just $1.11 in the two days after it announced a special dividend of $2.42 per ADS Key Takeaways: Lufax announced a massive…
Bank of Jinzhou: Bailed out, but not out of trouble
A one-year suspension of the regional lender’s shares will continue as it’s not yet ready to publish its financial results for 2022 and the first half of last year Key…
Stuck in Covid-Induced Hardship, Lufax Loan Portfolio Shrinks for First Time
The online loan facilitator is bearing more credit risk as its use of third parties to insure and guarantee the loans it brokers becomes costlierKey Takeaways:Lufax’s revenue and profit fell…
Qudian in Search of a Business as Stock Returns to Penny Territory
The former fintech highflyer was warned a third time about possible delisting this year after its stock fell below $1 on the failure of its latest new foray into the…
China’s Economic Slump Leaves Internet Lenders Battling Bad Loans
360 DigiTech, FinVolution and Lexin all reported first-quarter net profit declines and growing delinquent loans, amid a grim outlook for China’s economy Key takeaways: • 360 DigiTech and FinVolution posted…
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