US Stock Market Move | Six departments jointly issued a document to increase financial efforts to promote consumption. Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) soared by 5.01%.

On Thursday (July 4) Eastern Time, the US stock market closed with an increase, driven by the surge in US stocks and the joint publication of six departments to promote consumer finance. Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US), a leading new consumer digital technology service provider in China, rose by 5.01% to a closing price of $7.33 per share with a total trading volume of $14.5384 million. After-hours data also showed that Lexinfintech Holdings Ltd. Sponsored ADR Class A continued to rise by 0.95% after-hours, settling at $7.4 per share. On the market front, the US stock market opened and closed higher, with the S&P 500 index up 0.83%; Nasdaq up 1.02%; and Dow Jones up 344.11 points, a 0.77% increase. The S&P 500 index hit its seventh historical closing high of the year, while Nasdaq achieved its fourth closing high of the year. Chinese concept stocks were mixed in their performance, with the NASDAQ Golden Dragon Index closing up 0.40%. Regencell Bioscience Holdings Ltd. rose by 121.91%, while DouYu International Holdings Ltd. Sponsored ADR and Wan Guo both rose by over 10%. The US-listed photovoltaic sector saw collective gains, with XsunX Technology rising by over 19% and Daqo New Energy Corp Sponsored ADR rising by over 7%. The rise in the share price of Lexinfintech Holdings Ltd. Sponsored ADR Class A was mainly influenced by the joint publication of six departments to promote consumer finance and multiple institutions raising their target prices. On June 24, the People's Bank of China, National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, China Banking and Insurance Regulatory Commission, and China Securities Regulatory Commission jointly issued the "Guiding Opinions on Financial Support for Boosting and Expanding Consumption." The opinions clearly define the direction and focus of financial support for consumption growth, aiming to build a multi-level financial service system to support and boost consumption, and guide various financial institutions to strengthen services from both the supply and demand sides of consumption, promoting the expansion of high-quality consumption supply and unlocking consumption growth potential. Encouraging financial support for consumption growth is undoubtedly a major boost for Chinese concept stocks in the Internet finance sector. Throughout this year, several government departments have expressed their support for the development of financial technology platforms. In March, the China Banking and Insurance Regulatory Commission issued a notice on "Developing Consumer Finance to Boost Consumption." The government work report at the beginning of the year highlighted consumer finance as a bridge connecting financial resources with consumer demands, with efforts aimed at boosting consumption, improving investment efficiency, and expanding domestic demand as a top priority for the year. Technological innovation is a crucial foundation for financial technology platforms to support consumption growth and boost entity development. Lexinfintech Holdings Ltd. Sponsored ADR Class A has been dedicated to leveraging industry-leading technologies such as big data and artificial intelligence to drive consumption growth. In recent years, the company has actively explored the applications of AI intelligent bodies and AI large models as new productivity, leading the industry in fully integrating AI into the financial technology chain. AI technology innovation and application have become one of the core competitive barriers for Lexinfintech Holdings Ltd. Sponsored ADR Class A. Recently, financial technology companies such as Lexinfintech Holdings Ltd. Sponsored ADR Class A have seen continuous stock price growth influenced by a series of policy measures and improved performance. Compared to the lowest point in the past year, the share price of Lexinfintech Holdings Ltd. Sponsored ADR Class A has increased by 300%; several well-known brokerages including DBS, UBS Group AG, BOC International, Citi, CICC, and Huatai have issued research reports covering Lexinfintech Holdings Ltd. Sponsored ADR Class A, with UBS Group AG raising the target price to $13.6. The Q1 2025 financial report reveals that Lexinfintech Holdings Ltd. Sponsored ADR Class A's quarterly GAAP net profit reached 430 million RMB, a 113.4% year-on-year increase. The take rate (i.e., net profit divided by average loan balance) reached 1.58%, higher than 1.31% in Q4 2024 and 0.66% in Q1 2024. The net profit margin increased from 9.9% in Q4 2024 to 13.9%, reaching the highest level in the past three years. Established in August 2013 in Shenzhen, China, Lexinfintech Holdings Ltd. Sponsored ADR Class A has been actively connecting millions of young Chinese consumers with new consumer brands through its online and offline platforms with a brand concept of "easy consumption, flexible turnover." In December 2017, Lexinfintech Holdings Ltd. Sponsored ADR Class A officially listed on the NASDAQ in the United States.