Puyi Inc's shares rose above $7 at one point in early trading on Wednesday, rising more than 29 per cent to $6.70 as of 22:47 Beijing time, Zhitong Financial APP learned. In the past 52 weeks, the stock traded as low as $5 and as high as $9.11. The stock currently has a market capitalization of more than $400 million.

Puyi Inc, a wealth management business brand of Puyi Group, is committed to providing China's middle class with excellent and personalized asset allocation services that match their household financial assets and needs.