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Stock impact report

LexinFintech: Compliance and Fintech Capabilities Have Become the Keys to Growth

LexinFintech Holdings Ltd. - American Depositary Shares (LX) 
Last lexinfintech holdings ltd. - american depositary shares earnings: 5/17 04:47 am Check Earnings Report
US:NASDAQ Investor Relations: ir.lexinfintech.com
Company Research Source: PR Newswire
SHANGHAI, Sept. 7, 2018 /PRNewswire/ -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumer finance platform for educated young adults in China, attended LendIt Fintech China 2018 in Shanghai, where its CEO gave a speech highlighting industry changes and the Company's latest technological innovations.China's fintech industry, after years of rapid development, has entered a new stage when compliance and fintech capabilities have become the keys to the long-term growth of a company, Lexin's CEO Jay Wenjie Xiao told LendIt China."It's like the halftime of a match," he said, referring to the beginning of a new market landscape where there will be more industry consolidation and increasing regulatory clarity.Compliance will become a competitive edge for industry players and as China is increasingly looking to make consumption the driving force of economic growth, consumer finance providers can play a part by helping consumers enhance their ability Show less Read more
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