Chinese Fintech Names Growing More Attractive -- Market Talk

Dow Jones04-03

0833 GMT - The regulatory and macro headwinds that have hurt China's fintech companies are changing, adding to the appeal of the sector, Deutsche Bank analyst Johnny Xie says in a research note. The analyst notes that the regulatory framework has been clarified and comprehensive supervision has improved."With the valuation of the sector coming off of record lows... we believe investors should start increasing their exposure to quality names," the analyst writes. Futu remains the analyst's top pick in the sector, with Qifu Technology also a buy. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 03, 2024 04:33 ET (08:33 GMT)

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