Also, China recently launched its centralized digital currency nationwide, which will be managed by domestic fintech companies. So, the demand for products and services provided by fintech companies such as LU and QFIN is also expected to increase in the coming months because they play an important role in distributing and managing the digital Yuan across China and overseas.
QFIN has returned 105.6% so far this year, while LU lost 3.5%. In terms of their past three months’ performance, QFIN is a clear winner with 77.2% returns versus LU’s negative returns. But which of these two stocks is a better pick now? Let’s find out.