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Stock impact report

China’s fintech companies offer ‘enormous’ opportunity, investment manager says [CNBC]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: CNBC
Investors are worried that China’s economic growth will be even lower in the coming quarters. UBS has downgraded its forecasts for Beijing to 6.5 and 6.2 percent for 2018 and 2019, respectively. Published 11 Mins Ago CNBC.com Anthony Kwan | Bloomberg | Getty Images Mobile payment platforms Apple Pay and Alipay are displayed for a photograph in Hong Kong, China, on November 1, 2016. Despite a slowdown in growth and trade tensions, there are “enormous” and “stunning” opportunities in China, particularly in Fintech, an investment manager said Tuesday. “We love the fintech sector in China today,” Glenn Youngkin, co-CEO at Carlyle Group, told CNBC’s “Squawk Box Europe.” “We think it offers an enormous growth opportunity. The Chinese economy is growing, it’s growing at the fastest pace in the world, the Chinese consumer is growing faster than any consumer in the world, and any evolution of financial technology in Show less Read more
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