China’s diversified financial sector declined during Wednesday’s session, with Huajin Capital (000532) leading losses by dropping over 7%. Yongan Futures (600927), Nanhua Futures (603093), Lakala (300773), and Xiangyi Rongtong (600830) also fell, reflecting broad-based weakness in financial services and fintech stocks.
The downturn follows regulatory scrutiny on shadow banking risks and cooling investor sentiment toward non-bank financial firms. Analysts note slowing capital market activity and tighter margin financing rules have weighed on sector performance.
While the pullback appears driven by short-term profit-taking, concerns linger over exposure to volatile asset markets. The sector’s underperformance contrasts with gains in other financial segments, suggesting selective risk aversion among traders.
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