The TikTok, tit for tat Trump era saga has ended with a thud! though the political rhetoric between the two largest economies of the world remain tense and highly charged as ever, however, the Chinese investors have never been more bullish on American stocks. In the midst of the 2020 pandemic and widespread lockdowns, the Chinese companies have managed to raise more than $15 billion from American investors, the year 2021 is poised to break all the previous records. A large number of Chinese companies, among them DiDi - the big daddy of them all - are gearing up to list on American Stock Exchanges, Didi Chuxing is one of the highest valued Unicorns in the world.
The Robinhoods of China are making money hand over fist catering to Chinese investors, these new investors are interested in buying stocks in American companies and Chinese companies that are listed on the US & Hong Kong Stock Exchanges.
The Incumbents
1. Futu Holdings, NASDAQ: FUTU is a full service broker dealer based in Hong Kong with operations in many jurisdictions, Futu is backed by one of the largest companies in China and it has a massive $23 billion market cap. Futu and its subsidiaries provide investing services, including stock trading and clearing, margin financing, wealth management, market data and information, and interactive social features for Hong Kong, US, China Connect and Singapore stocks, the company cater to individual investors through two digital platforms: FUTUBULL and MooMoo
https://futuholdings.com/en-us
2. Up Fintech (Tiger Brokerage)
Tiger, NASDAQ: TIGR, Tiger’s platform enables investors to access securities including equities, ETFs, options, futures and funds on multiple global markets including Nasdaq, New York Stock Exchange, Hong Kong Stock Exchange as well as A shares which are tradeable under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs. Tiger is a fast growing online platform backed by the largest Smartphone manufacturer in China.
The Challenger!
9F Group, JFU (soon) Ether Securities
Ether provides financial technology services, such as credit assessment and consultation services to financial institution and online wealth management services to mid- and high-net-worth clients. Ether also provides online stock investment services and insurance brokerage services in mainland China and Hong Kong and consumer financing technology services in Southeast Asia.
Ether is well known for providing consumer credit and insurance services and that helped the company accumulate a large number of customers over the years and now the company is focusing its attention on the highly lucrative trading/investing business vertical. The company has recently announced that it intend to pivot to the fast growing online stock investing/trading business and planning to change its name to Ether Securities to better reflect the rapidly changing nature of its business.
The stock has been on a tear since the announcement!
And in less than 3 weeks JFU has surged more than 70%.
Ether Securities, with under $600 million market cap, is much smaller than the incumbents but has a huge potential to grow as more Chinese investors join the online trading frenzy sweeping the United States, China and other Southeast Asian countries where JFU already successfully operates.
Learn more about JFU pivot: https://dailystockdeals.com/featured-deals
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