SHENZHEN, China, May 16, 2019 /PRNewswire/ -- X Financial (NYSE:
XYF) (the "Company"), a leading technology-driven personal finance
company in China, today announced
that the Company's stock has been added to the MSCI China Small Cap
Index, effective on Tuesday, May 28,
2019.
MSCI is a leading provider of
critical decision support tools and services for the global
investment community. MSCI China Small Cap Index is designed to
measure the performance of small stocks in China's market. With 233 constituents, the
index represents approximately 14% of the free float-adjusted
market capitalization of the China
equity universe.
"We are pleased to have been included in the MSCI China Small
Cap Index," commented Mr. Justin
Tang, the Founder, Chief Executive Officer and Chairman of
the Company. "Our inclusion reflects our solid growth and business
fundamentals, growing recognition in international capital markets,
strong corporate governance, and the leading role we play in
China's fin-tech industry."
"We will continue to leverage our advanced technology and
cutting-edge financing solutions and products to expand our market
share and strengthen our position as a leading fin-tech player in
China in order to create long term
value for our shareholders."
About X Financial
X Financial (NYSE: XYF) (the "Company") is a leading
technology-driven personal finance company in China focused on meeting the huge demand for
credit from individuals and small-to-medium-sized enterprise
owners. The Company's proprietary big data-driven risk control
system, WinSAFE, builds risk profiles of prospective borrowers
using a variety data-driven credit assessment methodology to
accurately evaluate a borrower's value, payment capability, payment
attitude and overall creditworthiness. X Financial has established
a strategic partnership with ZhongAn Online P&C Insurance Co.,
Ltd. in multiple areas of its business operations to directly
complement its cutting-edge risk management and credit assessment
capabilities. ZhongAn Online P&C Insurance Co., Ltd. provides
credit insurance on X Financial's investment products which
significantly enhances investor confidence and allows the Company
to attract a diversified and low-cost funding base from
individuals, enterprises and financial institutions to support its
growth. X Financial leverages financial technology to provide
convenient, efficient, and secure investment services to a wide
range of high-quality borrowers and mass affluent investors which
complements traditional financial institutions and helps to promote
the development of inclusive finance in China.
For more information, please contact:
X Financial
Ms. Jennifer Zhang
E-mail: ir@xiaoying.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE X Financial