US Stock Market Move | Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) rose by 15.41%, with digital finance driving high-quality business development.

On Wednesday (March 6) Eastern Time, the U.S. stock market closed with Chinese concept stocks generally rising, the upcoming release of 2024 full-year results, and policy encouragement driving the market. Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US), a leading Chinese new consumer digital technology service provider, rose by 15.41%, closing at $9.81, with a total daily trading volume of $48.1241 million. Since the beginning of the year, the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A has performed strongly, repeatedly breaking historical records. The closing price of $9.81 is the highest in three and a half years, and the 15.41% increase is the second largest since the beginning of 2025, only behind the 15.96% increase on January 24, ranking 11th among the 317 Chinese concept stocks. However, the trading volume ranks second among the top 11. On the market front, benefiting from the rise of large technology stocks, all three major U.S. stock indexes rose more than 1%, ending the "two-day decline". At the close, the Dow rose by 1.14%, the Nasdaq rose by 1.46%, and the S&P rose by 1.12%. Chinese concept stocks performed strongly, with the Nasdaq Golden Dragon Index rising by 6.4%. Among popular Chinese concept stocks, VNET Group, Inc. Sponsored ADR rose by over 16%, Full Truck Alliance Co. Ltd. Sponsored ADR rose by over 13%, EHang Holdings Ltd. Sponsored ADR Class A rose by over 12%, Xpeng rose by over 10%, KE Holdings, Inc. Sponsored ADR Class A rose by over 9 %, Alibaba Group Holding Limited Sponsored ADR rose by over 8%, Trip.com Group Ltd. Sponsored ADR rose by over 7%, KINGSOFT CLOUD rose by over 7%, and JD.com, Inc. Sponsored ADR Class A rose by over 6%. The rise in the stock price of Lexinfintech Holdings Ltd. Sponsored ADR Class A is mainly influenced by factors such as the global revaluation of Chinese assets, the upcoming release of the 2024 full-year financial report, and the clear presentation of the new SLOGAN for brand positioning. In the global stock market, Chinese assets have undoubtedly become a hot spot for fund inflow. It is widely believed that global funds are increasingly betting on Chinese assets, with Chinese concept stocks and Hong Kong stocks especially attracting global capital inflows. At the same time, policies encouraging the development of consumer finance and addressing key issues have been continuously released recently, especially emphasizing the improvement of a multi-level, widely covered sustainable inclusive financial system and promoting the high-quality development of digital finance. As a representative of digital finance, Lexinfintech Holdings Ltd. Sponsored ADR Class A is undoubtedly one of the leaders and beneficiaries. Recently, many Chinese concept stocks have started to disclose their 2024 Q4 and full-year performance, with many exceeding market expectations, such as Full Truck Alliance Co. Ltd. Sponsored ADR with a net profit growth of 43.5%. Regarding Lexinfintech Holdings Ltd. Sponsored ADR Class A, its 2024 financial report is expected to be released at the end of March. As of the end of the first three quarters, the net profit of Lexinfintech Holdings Ltd. Sponsored ADR Class A has reached 1 billion RMB; the market expects that with the fourth quarter profit included, the profit of Lexinfintech Holdings Ltd. Sponsored ADR Class A may reach a three-year high. Given the continuous growth of profits, Lexinfintech Holdings Ltd. Sponsored ADR Class A has announced an increase in dividend payouts. With approval from the board of directors, starting from 2025, the dividend ratio of Lexinfintech Holdings Ltd. Sponsored ADR Class A will increase from the current 20% of net profits to 25%. Lexinfintech Holdings Ltd. Sponsored ADR Class A has made significant breakthroughs in its overseas business. In the third quarter, apart from the Mexican market, Lexinfintech Holdings Ltd. Sponsored ADR Class A has increased its investments and operations in the Southeast Asian market. Within the quarter, the Indonesian market experienced rapid growth, with a 31% increase in trading users and an 18% increase in trading volume compared to the previous quarter. At the company level, Lexinfintech Holdings Ltd. Sponsored ADR Class A has redefined the positioning of its "Fenqile" brand and introduced the slogan "For easy consumption and flexible turnover, choose Fenqile". With recent technological innovations and user insights, Lexinfintech Holdings Ltd. Sponsored ADR Class A has introduced five core functions, upgrading the installment consumption experience and boosting platform user engagement by 62% year-on-year. In the past two months, many renowned brokerages such as UBS Group AG, Industrial Bank, Citigroup, CLSA, and Huatai have successively released research reports covering Lexinfintech Holdings Ltd. Sponsored ADR Class A.A, multiple companies have raised their target prices.UBS Group AG believes in its research report that from 2024Q3 onwards, Lexinfintech Holdings Ltd. Sponsored ADR Class A will see huge benefits: potential improvement in asset quality; decrease in financing costs; better loan pricing. Based on these reasons, UBS Group AG has raised the earnings (non-GAAP) forecast for Lexinfintech Holdings Ltd. Sponsored ADR Class A for the years 2025-2026 by 56% and 103%, to 21 billion and 31 billion respectively; and rated Lexinfintech Holdings Ltd. Sponsored ADR Class A as a "buy", with a target price of $9.6 for the coming year - this target price has already been surpassed as of March 6th. It is reported that Lexinfintech Holdings Ltd. Sponsored ADR Class A was established in August 2013 and is based in Shenzhen, China. It has actively connected online and offline consumption scenarios through its platforms, connecting millions of young Chinese consumers with new consumer brands. In December 2017, Lexinfintech Holdings Ltd. Sponsored ADR Class A officially listed on the Nasdaq in the United States.