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Doug Young

FINANCE: Fintechs Sink on Regulatory Crackdown

Doug Young 11月22日

财新传媒英文部编辑

Bottom line: A new crackdown on microlenders could put a slight damper on their growth, but is unlikely to affect them significantly next year unless China experiences a bad debt crisis.

Beijing clamps down on microlenders

Word that China will clamp down on the nation's thriving field of online microlenders is sending a chill through the sector, as many predict new moves could severely slow down their breakneck growth. The newly-announced crackdown is only aimed at new m...

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Doug Young

Bottom line: The wave of strong sentiment for new offshore IPOs by Chinese companies is running out of steam, but listings before year-end could still get a slight left, especially fintechs.

Hexindai jumps on trading debut

Fintech is hot, and just about everything else is not. That appears to be the message with the latest offshore IPO by a Chinese firm, this time from Hexindai (Nasdaq: HX), a peer-to-peer (P2P) lender that takes in money from small investors and then le...

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Doug Young

Bottom line: Big drops for three China concept stocks recently listed in New York, combined with a pullback for social networking giant Weibo, indicate a recent round of China stock euphoria may have crested.

Secoo continues to drop

Wednesday could go down as a watershed for newly listed China stocks in New York, which posted one of their worst days since a new wave of IPO euphoria began about a month ago. Three of the largest new offerings in New York, online microlende...

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Doug Young

Bottom line: A periodic window of IPOs that opens every 2-3 years is taking shape, with fintechs and other new categories like online literature likely to do well, while older concepts  like e-commerce could struggle for attention.

New window opens for Chinese IPOs

My long-predicted IPO floodgate has finally burst, with no less than four major offerings in the headlines as we go into the new week. The new offerings I'm referring to involve two in the US, one for fintech ...

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Doug Young

Bottom line: A flurry of IPOs for offshore Chinese tech firms marks the start of an upcycle following a three year lull, with fintechs likely to be the top stars.

Secoo fizzles in trading debut

After a relatively boring first eight months of the year, the IPO market has suddenly come to life with a flurry of offerings that are turning in a mixed performance. E-commerce seems to be a bit passe, though you would never guess that based on the recent run-up in the stock of s...

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Doug Young

Bottom line: ZhongAn's and Qudian's IPOs are likely to price and debut strongly over the next few weeks on excitement about China fintech, while Best's will debut to indifference following the slashing of its size.

ZhongAn, Qudian IPOs look hot

Three companies likely to list in New York and Hong Kong by the end of this month are setting the tone for what's set to be a busy fall for similar new offshore offerings from Chinese companies. Two of those are coming from the ho...

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Doug Young

Bottom line: Best Inc.'s IPO is likely to price and debut weakly due to its loss-making status and concerns about China's economy, which could also weigh on an upcoming flurry of fintech offerings in Hong Kong and New York.

Best Inc loads up logistics IPO

After waiting months for this year's first major New York IPO by a Chinese company, I was surprised to read the distinction looks set to go to a logistics firm backed by e-commerce giant Alibaba (NYSE: BABA). In this ca...

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Doug Young

IPOs: Qudian Moves Toward Blockbuster NY Listing

Doug Young 03月21日

财新传媒英文部编辑

Bottom line: Qudian's IPO will get a moderately warm reception in New York, drawing interest due to its status as a major private fintech firm but also wariness owing to many uncertainties in the young sector.

Qudian moves closer to IPO

Anything involving movement of money has always been slightly problematic in China. Be it paying for things online, paying to play computer games, or even borrowing small sums to buy something like a smartphone, nothing has ever been easy...

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Doug Young

Bottom line: This year is likely to see at least a half dozen privately owned financial services companies make public listings in the U.S., Hong Kong and China, with Lakala and Lufax likely to be among the first.

Lakala files for ChiNext IPO

We're already three months into the new year, and still awaiting the first of what looks set to be a bumper crop of IPOs by a new generation of privately owned financial services firms that are far more dynamic than their state-run ...

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