19 August 2019

Lufax platform sees trading exceed 40 bln yuan, paper says

Shanghai Lujiazui International Financial Asset Exchange Co. Ltd. (Lufax), a unit of Ping An Insurance (Group) Co. of China Ltd. (2318.HK, 601318.CN), has seen trading on its peer-to-peer loan platform exceed 40 billion yuan (US$6.43 billion) since its launch half a year ago and expects the volume to surpass 100 billion yuan soon, the 21st Century Business Herald reported Friday, citing remarks by exchange vice president Lou Xiaoan at a press conference. Meanwhile, Greg Gibb, Lufax chairman and chief executive, said the exchange is aggressively developing other online platforms including B2C (business-to-clients) and B2B (business-to-business), the report said.

– Contact HKEJ at [email protected]




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