FINVOLUTION GRP (SP.ADR)

The markets may be getting too ahead of themselves that the U.S. Federal Reserve will pull an aggressive rate cut, said the CEO of Swiss banking giant UBS. "I think the market seems to be a little bit too ahead of the curve in expecting the Fed to go so aggressively,"  Sergio Ermotti, Group CEO of UBS Group AG, told CNBC's "Squawk Box Asia. » Mehr auf cnbc.com

FinVolution Group (NYSE:FINV ) Q2 2024 Earnings Conference Call August 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Cindy Wang - China Renaissance Yada Li - CICC Alex Ye - UBS Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2024 Earnings Conference Call for FinVolution Group. » Mehr auf seekingalpha.com

-H1 China Transaction Volume reached RMB92.5 billion, up 6.0% year-over-year--H1 International Transaction Volume reached RMB4.5 billion, up 32.4% year-over-year--H1 International Revenues increased to RMB1,157.7 million, up 21.9% year-over-year and contributing 18.3% of total net revenues- SHANGHAI , Aug. 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. For the Three Months Ended/As of YoY Change June 30 , 202 3 June 30 , 202 4 Total Transaction Volume (RMB in billion s ) 1           47.3 48.7 3.0 % Transaction Volume (China's Mainland)2 45.5 46.4 2.0 % Transaction Volume (International)3 1.8 2.3 27.8 % Total Outstanding Loan Balance (RMB in billion s ) 63.7 65.6 3.0 % Outstanding Loan Balance (China's Mainland)4   62.6 64.2 2.6 % Outstanding Loan Balance (International)5 1.1 1.4 27.3 %   Second Quarter 2024 China Market Operational Highlights Cumulative registered users6 reached 162.2 million as of June 30, 2024, an increase of 8.6% compared with June 30, 2023. » Mehr auf prnewswire.com