Chinese online lenders / microlenders (QD, PPDF, YRD, XRF, HX)

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m22au

Chinese lenders did poorly in the week ended 24 November.

Tuesday 21 November:
Tighter regulations for online lenders
https://seekingalpha.com/news/3313809-tightened-regulations-slam-chinese-online-lenders
https://www.reuters.com/article/us-...ending-u-s-listed-shares-plunge-idUSKBN1DL1P0

Thursday 23 November (Thanksgiving)
* Possible data breach
https://www.bloomberg.com/news/arti...-police-said-to-probe-qudian-client-data-leak

Friday 24 November (Black Friday)
* BABA's Alipay unit to implement a 24% interest rate cap that is charged by lenders (presumably including QD and others) on its platform beginning November 30
https://www.benzinga.com/news/17/11...ese-internet-microlender-qudian-plunge-friday

* PR from QD about 24% cap
https://finance.yahoo.com/news/qudian-inc-adjust-apr-credit-104500813.html

* The Fly estimates that this affects 66.7% of QD's loans
* This article also includes updated estimates from Macquarie
https://finance.yahoo.com/news/why-qudian-inc-stock-dropped-171700525.html


Quotes for relevant stocks (and ASHR)
https://finance.yahoo.com/quotes/ashr,qd,ppdf,yrd,xrf,hx,cifs,jp,jt/view/v1

Stock list
QD PPDF YRD XRF HX CIFS JP JT

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Last edited:
QD down again before 7am this morning.

"$QD ... more regulations coming today!"
twitter dot com/unemon1/status/936561940297547782
this tweet provides a link to a Sina article:

finance.sina.com.cn/stock/usstock/c/2017-12-01/doc-ifyphxwa7466058.shtml

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