The Digital Source For China's Tech Innovation Since 2000

Search
Close

Chinese FinTech Stocks Climb; US Lenders Tumble

August 29, 2022
Source: pymnts.com pymnts.com
News Snapshot:
In the past week, three of the biggest gainers in financial stocks have been Chinese FinTechs, boosted by an agreement that gives U.S. authorities access to audit the companies. Seeking Alpha reported Saturday (Aug. 27) that Futu Holdings was up 21% this week, with 360 DigiTech following close behind. Both companies were able to benefit from the waning threat of their American depository shares being delisted in the U.S., per the report. Additionally, three of the companies that saw the worst declines were tech-based mortgage or lending firms, which could see losses along with the rising interest rates. Affirm Holdings...
Go To Original Source →
Tags: agreement | Amazon | audit | Chinese | delivery | Dun & Bradstreet | Economy | finance | financial | fintech | index | inflation | insurance | inventory | IT | Mac | news | report | Rising | share | shares | stocks | technology | Three | U.S.

Other Related News:

Russian founder of cryptocurrency exchange arrested in Miami, accused of dealing with dirty money as part of "high-tech axis of crypto crime"

January 19, 2023

Bitzlato crypto exchange founder charged with illegal transfers of $700 million

January 19, 2023

Big Tech braces for dismal profits, more job cuts

January 19, 2023

Microsoft to shed 10,000 jobs, adding to glut of tech layoffs

January 19, 2023

A Drive to Understand National Capabilities in Critical Technologies The New York Times

January 19, 2023

Texas universities ban TikTok

January 19, 2023

Law Firm Investigating Diablo Immortal For False Advertising

January 19, 2023

PREVIEW-Big Tech braces for dismal profits, more job cuts

January 19, 2023

Formula 1 Carbon Footprint Slammed After 2023 Calendar Release

January 19, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter