Lincoln Yu's questions to Qifu Technology Inc (QFIN) leadership • Q2 2025
Question
Lincoln Yu from JPMorgan Chase & Co. asked about the estimated impact of new regulations on the ICE business, the future competitive landscape, and the company's overseas expansion strategy, particularly in the UK.
Answer
CEO Haisheng Wu explained that the new regulations are seen as a long-term positive for the industry. He stated the ICE business is a referral service and the company has prepared alternative plans, including serving users on-balance sheet, expecting take rates to remain healthy. Regarding overseas expansion, he outlined criteria like regulatory environment and financial infrastructure, noting the UK operation is a 'baby step' focused on learning and model refinement.