Lufax Stock

lufax.comFinTechFounded: 2011Funding to Date: $1.69B

Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is an online marketplace for the origination and trading of financial assets. Lufax was incorporated in September, 2011 in Shanghai with the support of Shanghai’s Municipal Government, and has grown into China’s largest internet finance company in less than four years. The company is an associate of China Ping An Group, the largest and most innovative non-SOE financial institution in China.

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Lufax investors also invested in these private companies

COFCO
BlackPine Private Equity Partners
CDH Investments
China Minsheng Bank
CICC
Guotai Junan Securities

Team

Management Team

Christine Fu
Executive General Manager
Greg Gibb
Chairman & CEO

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News

Regulators are requiring P2P firms to clear outstanding loans within a year.
Lufax's reported exit of the P2P business could signal an even worse impact for smaller players whose entire businesses are built around P2P.
Lufax is reportedly scaling down its peer-to-peer (P2P) lending business following an increased crackdown by Chinese regulators on high financial risk operations.