Company Profile
Lufax Holding Ltd is a leading technology-empowered personal financial services platform in China and an associate company of Ping An Insurance (Group) Company of China, Ltd. It operates in multiple businesses, including wealth management, and retail credit facilitation.
Operating through 'Hub and Spoke' business model, Lufax Holding Ltd combines its financial DNA and advanced technology, integrates online and offline resources, and leverages on technology solutions to improve wealth management experience, foster financial inclusion, supports real economy, and helps financial institutions become more digitized.
In wealth management, Lufax Holding Ltd is dedicated to providing diverse and customized products and services for the middle class and affluent population. As of December 31, 2020, Lufax Holding Ltd had more than 46.0 million registered users, and offered various products and tailor-made financial services to 14.9 million active investors; total client assets generated through its online wealth management platform reached RMB426.6 billion.
In retail credit facilitation, as a leading technology-empowered retail credit facilitation services platform in China, Lufax Holding Ltd has access to valuable resources in the financial services ecosystem. With 16 years’ experience in retail credit facilitation, Lufax Holding Ltd provided O2O end-to-end lending services from offline consultation to online application to borrowers including small business owners and individuals. As of December 31, 2020, the total balance of loans facilitated reached RMB545.1 billion, and cumulative number of borrowers increased to approximately 14.5 million.
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Mission & Positioning
Lufax Holding Ltd is committed to making retail borrowing and wealth management easier, safer and more efficient.
Member Companies
Lufax (lu.com), or Shanghai Lujiazui International Financial Asset Exchange Co., Ltd., is a leading wealth management platform in China under Lufax Holding Ltd.
Ping An Puhui is committed to leveraging technology innovation and comprehensive risk management to help small business owners obtain professional loan services.
Chongqing Financial Assets Exchange Co., Ltd. aims to serve the real economy, improve financial efficiency, and reduce enterprises’ financing costs. We are committed to becoming a financial asset exchange that is based in Southwest China and reaches out to the whole country.
Shenzhen Qianhai Financial Assets Exchange focuses on the FinTech field and strives to become a leading inter-agency assets exchange platform and a cross-border exchange platform in China.
Lu International (Singapore) Financial Asset Exchange Pte Ltd. is a subsidiary of Lufax Holding Ltd, incorporated in Singapore in 2017. It holds a capital markets services (CMS) license from the Monetary Authority of Singapore.
Lu International (Hong Kong) Limited is a Lufax Holding Ltd company incorporated in Hong Kong as a licensed corporation approved by the Hong Kong SFC. It holds Types 1, 4 and 9 licenses from and is under the supervision of the Hong Kong SFC (Central Code: BIN669).
Management Team
Mr. Guangheng Ji
Chairman of the board
Chairman of Lufax Executive Committee
Mr. Gregory Dean Gibb
Co-Chief executive officer
Mr. Yong Suk Cho
Co-Chief executive officer
Mr. James Xigui Zheng
Chief financial officer
Mr. David Siu Kam Choy
Chief financial officer of Puhui
Mr. Jinliang Mao
Chief technology officer
Ms. Yan Zhuang
Chief human resources officer
Development History
现在
2016
2011
2020
Oct
Lufax Holding listed on NYSE, under the symbol ‘LU’.
Aug
The "LU HK" App officially launched to serve Hong Kong investors.
Jun
Lu International (Hong Kong) Limited obtained Types 1, 4 and 9 licenses from the Hong Kong SFC.
May
Lufax’s two Apps among first batch of mobile financial client application filings.
Apr
Lufax received a US $1.29 billion syndicated credit loan.
2019
Nov
Lufax was awarded with total five blockchain service plans by the Cyberspace Administration of China.
Aug
Lufax showcased its AI technologies at the World Artificial Intelligence Conference (WAIC).
Aug
Lufax passed CMMI Level 3 appraisal.
Jul
Lufax launched KYI (Know-Your-Intention) prediction model system.
Mar
Lufax Holding Ltd completed C-round financing.
2018
Oct
Lufax officially released KYC 4.0, improving accuracy of suitability management.
Sept
Ping An Puhui realized 100% online processes for unsecured loan business, introducing technologies such as facial recognition and micro facial expression analysis to enhance customer experience.
Mar
Ping An Puhui upgraded secured loan products, committing itself to serving small business owners and self-employers to facilitate the development of the real economy.
2017
Sept
Ping An Puhui initiated cooperation with non-Ping An insurer to further expand credit enhancement capability.
May
The State Administration of Foreign Exchange approved the request from Shenzhen Branch to start QEX's pilot business.
Jan
Lu International (Singapore) Financial Asset Exchange Pte. Ltd. was incorporated in Singapore.
2016
Sept
KYC 2.0 established as a leading risk control system which included Know Your Customer (KYC) and Know Your Products (KYP).
May
Completed the acquisition of retail credit facilitation business.
May
Lufax Holding Ltd completed the acquisition of Shenzhen Qianhai Financial Assets Exchange (QEX).
Mar
Lufax Holding Ltd completed the acquisition of Chongqing Financial Assets Exchange (CQFAE).
Jan
Lufax Holding Ltd completed the USD1.216 billion Series B financing.
2015
Sept
Lufax Holding Ltd completed brand upgrade, and launched LU.com.
Mar
Lufax Holding Ltd transformed into platform business and complete the USD485 million Series A financing.
2014
Dec
Lufax Holding Ltd was incorporated in the Cayman Islands.
2013
Aug
The People’s Bank of China led the Research Group of Development and Regulatory of Internet Finance on a visit to Shanghai Lufax. The visit affirmed its business model and risk management capabilities.
2012
Mar
Lufax.com, an online investment and lending platform was launched, and launched its first personal innovative investment and financing service.
2011
Sept
Ping An Insurance Group set up Shanghai Lujiazui International Financial Asset Exchange Co., Ltd. ("Shanghai Lufax") as its wealth management subsidiary.
       
Honors
2016-2020: Shortlisted in KPMG's China Fintech 50 Ranking
2020: Winner of Diamond Award for AI, Platinum Award for Blockchain-based Transformation and Platinum Award for Cybersecurity from the Institute of Financial Technologists of Asia (IFTA)
2020: Ranked No.19 on WPP BrandZ™ Top 100 Most Valuable Chinese Brands list
2020: Shortlisted in the China's Fintech Pioneer List of Securities Times
2020: Shortlisted in The Paper's Top Financial List as the Financial Institution of the Year
2020: 21st Century Business Herald Golden Shell Award – Outstanding Technology and Financial Services Platform
2020: The Asset China Fintech Company of the Year
2019: Ranked No. 26 on the WPP Top 100 Most Valuable Chinese Brands list, with a brand value of USD6.89 billion
2019: Shortlisted in the Outstanding Big Data Security Cases of the Year from National Engineering Laboratories
2019: Ping An Puhui ranked in Financial Services 100 of 2019 by www.ce.cn
2019: Shortlisted as a China FinTech Case by Harvard Business School in its FinTech-focused course in 2019
2016-2018: Winner of the Award for Outstanding Economic Contributions to Pudong from the People's Government of Shanghai Pudong New Area
2018: Winner of the Outstanding Achievement Award for Financial Big Data Innovation and Application of the Specialized Committee on Fintech of the Payment and Clearing Association of China
2017: Received RMB7 million special fund support from the Special Development Fund for Shanghai Zhangjiang National Independent Innovation Demonstration Zone
2016: Named a Global Growth Company at the World Economic Forum 2016
2015: Winner of the Shanghai Financial Innovation Award from the Shanghai Municipal Government
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Partners
50
+
Funding Partners
400
+
Product Providers
Corporate Culture
Staff Training
Creation Camp
Team Building
Star Power
Knowledge
Sharing
Staff Union Activities
About Ping An
Ping An strives to become a world-leading technology-powered retail financial services group.
In 2019, Ping An clearly defined “finance + technology” as its core and main businesses. While ensuring steady growth in its main financial businesses, Ping An increases investments in technology and promotes the “finance + ecosystem” empowerment to transform and upgrade its main businesses. Ping An employs technologies to improve efficiency, enhance risk management, and cut operating costs of its financial businesses. Moreover, Ping An leverages innovative technologies to develop five ecosystems, namely financial services, health care, auto services, real estate services, and smart city services, and to optimize the customer acquisition as well as quality and efficiency of integrated financial services. Ping An adopts an integrated financial business model of “one customer, multiple products, and one-stop services.” Ping An exploits local advantages while adhering to global corporate governance standards. Ping An provides financial products and services for 200 million retail customers and 516 million internet users by empowering financial services with technologies, empowering ecosystems with technologies, and empowering financial services with ecosystems.
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