China's cash-strapped poor seek more debt as coronavirus hits job prospects [MSNBC.com]
LexinFintech Holdings Ltd. - American Depositary Shares (LX)
Last lexinfintech holdings ltd. - american depositary shares earnings: 5/17 04:47 am
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Source: MSNBC.com
Is 's debt burden too much to bear?Getty ImagesBEIJING — Demand for consumer loans is picking up inThe disease, officially called Covid-19, emerged late last year in the Chinese city of Wuhan. The virus has since spread rapidly around the world, killing more than 183,000 people, including over 4,600 in .While the coronavirus' outbreak has stalled within the country, is still trying to recover from theeconomic shockboth domestically and nowOfficial and third-party data show that 's poorest households are the hardest hit. In the first quarter, prices rose more in rural areas than cities. But spending dropped off less as necessities consumed a greater proportion of incomes. For migrant workers who still had jobs, the average monthly salary dropped nearly 8% to about $525. Economists estimate tens of millions had not returned to work by the end of March.The economic pressure has led to a greater demand for loans, although it's less clear whether people can actually get them. And if they
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News
- LexinFintech (NASDAQ:LX) was downgraded by analysts at UBS Group AG from a "buy" rating to a "neutral" rating.MarketBeat
- Lexin Reports Q3 Financial Results, Strengthening Focus on Scenario-Based and Ecosystem Businesses with Great Operational Resilience and Solid Operational Performance [Yahoo! Finance]Yahoo! Finance
- Lexin Reports Q3 Financial Results, Strengthening Focus on Scenario-Based and Ecosystem Businesses with Great Operational Resilience and Solid Operational PerformanceGlobeNewswire
- LexinFintech Holdings Ltd. Reports Third Quarter 2025 Unaudited Financial ResultsGlobeNewswire
- LexinFintech Q3 Earnings Preview [Seeking Alpha]Seeking Alpha
LX
Sec Filings
- 11/26/25 - Form 144
- 11/24/25 - Form 6-K
- 9/19/25 - Form 144
- LX's page on the SEC website