Welcome to our dedicated page for Cnfinance Holdings news (Ticker: CNF), a resource for investors and traders seeking the latest updates and insights on Cnfinance Holdings stock.
CNFinance Holdings Limited (NYSE: CNF) provides essential home equity loan services to micro and small enterprises across China's Tier 1 and Tier 2 cities. This news hub offers investors and industry observers centralized access to the company's latest financial developments and market activities.
Track critical updates including earnings reports, strategic partnerships with trust companies and commercial banks, regulatory compliance changes, and technological innovations in loan processing. Our curated news selection helps stakeholders understand CNF's unique position in bridging China's MSE financing gap through its trust lending and bank partnership models.
Discover updates on risk management strategies, post-loan recovery processes, and expansion initiatives within China's evolving financial services sector. All content is maintained to reflect CNF's commitment to collateral-based lending and high-quality development in a competitive market environment.
Bookmark this page for ongoing insights into how CNFinance addresses financial inclusion while maintaining rigorous credit assessment standards. Check regularly for verified updates on operational milestones affecting China's MSE financing landscape.
CNFinance Holdings (NYSE: CNF), a Chinese home equity loan service provider, has received notification from the NYSE on April 7, 2025, regarding non-compliance with trading price requirements. The issue stems from the company's American depositary shares (ADSs) trading below US$1.00 over a consecutive 30-day period.
The company has a six-month cure period to regain compliance by achieving both a closing price and 30-day average closing price of at least US$1.00 per ADS. If CNFinance fails to meet these requirements by the deadline, the NYSE will initiate suspension and delisting procedures. The notification does not immediately impact the ADSs listing status or affect the company's business operations, SEC reporting requirements, or contractual obligations.
CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, has issued an important statement clarifying its corporate identity and addressing market confusion. The company announced that in November 2024, it changed its name from 'CNFinance Holdings 泛華金融控股有限公司' to 'CNFinance Holdings 深泛联控股有限公司'.
The company explicitly stated that entities currently operating under the name 'Fanhua (泛華)' have no affiliation or operational relationship with CNFinance. Furthermore, the company warned that any unauthorized use or misrepresentation of its name, logo, trademark, or brand falsely associating it with 'Fanhua (泛華)' may constitute legal violations, and CNFinance reserves the right to pursue legal action, including civil lawsuits and criminal prosecution.
CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, announced the dismissal of KPMG Huazhen LLP and appointment of HTL International, as its new independent registered public accounting firm, effective December 6, 2024. The change follows a thorough evaluation and received audit committee approval.
KPMG's reports on CNFinance's consolidated financial statements for fiscal years 2022 and 2023 contained no adverse opinions, disclaimers, or modifications regarding uncertainty, audit scope, or accounting principles. No disagreements occurred between CNFinance and KPMG on accounting practices, financial disclosures, or auditing procedures during this period. The company is working to ensure a smooth transition between auditors.
CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, announced the results of its extraordinary general meeting held on November 29, 2024. Shareholders approved two key resolutions: (1) changing the company's Chinese name from '泛華金融控股有限公司' to '深泛联控股有限公司' while maintaining 'CNFinance Holdings ' in English, and (2) replacing the existing Amended and Restated Memorandum and Articles of Association with a Second Amended version. The name change takes effect around November 29, 2024, with no changes to ISIN and CUSIP codes. Shareholders need not take any action regarding these changes.
CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, announced an Extraordinary General Meeting (EGM) to be held on November 29, 2024, in Guangzhou. The primary purpose is to seek shareholder approval for changing the Company's Chinese name from '泛華金融控股有限公司' to '深泛联控股有限公司'. The company emphasized that this name change will not affect shareholders' rights, operations, or financial position. The record date is set for October 31, 2024, and shareholders listed on this date can attend the EGM. ADS holders must exercise voting rights through JPMorgan Chase Bank.
CNFinance Holdings (NYSE: CNF), a leading home equity loan provider in China, reported its unaudited financial results for the first half of 2024. Key highlights include:
- Total outstanding loan principal increased 9.6% year-over-year to RMB16.0 billion (US$2.2 billion)
- Total interest and fees income rose 4.7% to RMB926.5 million (US$127.5 million)
- Net revenue under commercial bank partnership model grew 16.6% to RMB58.4 million (US$8.0 million)
- Net income decreased to RMB48.0 million (US$6.6 million) from RMB93.1 million in H1 2023
The company focused on strengthening its business foundation and ensuring asset quality amid macroeconomic uncertainties. While loan originations and interest income increased, higher provision for credit losses impacted profitability. CNFinance aims to prioritize asset quality and profitability going forward by optimizing credit assessment, reducing financing costs, and enhancing product offerings.
CNFinance Holdings (NYSE: CNF), a leading home equity loan service provider in China, has announced it will report its unaudited financial results for the first half of 2024 before U.S. markets open on Tuesday, August 27, 2024. The company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day. Interested parties can join the call using provided international dial-in numbers. A telephone replay will be available until September 2, 2024. Additionally, a live and archived webcast of the conference call will be accessible on CNFinance's Investor Relations website.
CNFinance Holdings (NYSE: CNF), a prominent home equity loan service provider in China, has announced an expansion of its share repurchase program to US$30.0 million. This update builds on the USD$20.0 million authorization initially approved in March 2022. The program allows CNFinance to buy back its ordinary shares in the form of American depositary shares (ADSs). The board has extended the program's duration multiple times, most recently adding 24 months from March 2024. As of May 27, 2024, the company has repurchased approximately US$18.5 million worth of ADSs.
CNFinance Holdings (NYSE: CNF) will hold its Annual General Meeting (AGM) on June 7, 2024, from 9:30 a.m. to 11:00 a.m. Beijing Time, in Guangzhou, China. The AGM will be an open forum for shareholders and American Depositary Shares (ADS) holders to discuss company affairs with management. No proposals will be submitted for approval. The record date for determining eligible shareholders to receive notice of the AGM is May 8, 2024.
CNFinance Holdings (NYSE: CNF) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report can be accessed on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request a hard copy of the report for free.
