Given this backdrop, fundamentally sound consumer finance stocks FirstCash Holdings, Qifu Technology, and Noah Holdings Limited could be solid portfolio additions now.
The financial services sector holds a crucial position in driving the economic engine, and it promises to sustain its buoyancy in all future scenarios. This steadfast expansion can be traced back to the escalating affluence of high-net-worth individuals (HNIs), a surge in demand for alternative forms of investments, and a noticeable growth in homeownership and associated mortgage activities.
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