Lufax
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2025 Summits in Hong Kong & Singapore
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.










China Fintech Platform & NYSE Listed Lufax with $4.65 Billion Market Value Completes Dual Listing on Hong Kong Exchange, IPO in 2020 on NYSE at $32.9 Billion Market Value

15th April 2023 | Hong Kong

China fintech platform & NYSE (New York Stock Exchange) listed Lufax with $4.65 billion market value has completed its dual listing on Hong Kong Exchange (HKEX) on 14th April 2023, having IPO (Initial Public Offering) in 2020 (30/10/20) on NYSE at $32.9 billion market value.   Lufax largest shareholder is Ping An Insurance with 41.4% shareholdings, which is China’s largest insurance company.   Lufax is a leading technology-empowered personal financial services platform in China.  More info below. 

” China Fintech Platform & NYSE Listed Lufax with $4.65 Billion Market Value Completes Dual Listing Hong Kong Exchange, IPO in 2020 on NYSE at $32.9 Billion Market Value “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2025 Investment Day
Hong Kong | Singapore
March / July / Sept / Oct / Nov

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2025 Family Office Summit
10th April & 16th Oct Hong Kong St Regis | 17th April & 6th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here


2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

China Fintech Platform & NYSE Listed Lufax with $6.8 Billion Market Value Files for Dual Listing in Hong Kong, IPO in 2020 on NYSE at $32.9 Billion Market Value

Lufax

4th February 2023 – China fintech platform & NYSE (New York Stock Exchange) listed Lufax with $6.8 billion market value has filed for dual listing in Hong Kong, having IPO (Initial Public Offering) in 2020 (30/10/20) on NYSE at $32.9 billion market value.  Lufax largest shareholder is Ping An Insurance with 41.4% shareholdings, which is China’s largest insurance company.   Lufax is a leading technology-empowered personal financial services platform in China.  Lufax: “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 September 30, 2021, Lufax Holding Ltd had 48.7 million registered users, and offered various products and tailor-made financial services to 15.3 million active investors; total client assets generated through its online wealth management platform reached RMB425.1 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 September 30, 2021, the total balance of loans facilitated reached RMB645.1 billion, and cumulative number of borrowers increased to approximately 16.2 million”. See Lufax 2020 IPO info below.

 

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 September 30, 2021, Lufax Holding Ltd had 48.7 million registered users, and offered various products and tailor-made financial services to 15.3 million active investors; total client assets generated through its online wealth management platform reached RMB425.1 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 September 30, 2021, the total balance of loans facilitated reached RMB645.1 billion, and cumulative number of borrowers increased to approximately 16.2 million.

 

 

China Fintech Platform Lufax IPO on NYSE, Falls 4.81% on Day 1 with $31 Billion Market Value

2nd November 2020 – China fast growing online fintech platform Lufax has IPO on New York Stock Exchange (NYSE) on Friday (30/10/20) at $13.50, falling 4.81% to close the first trading day at $12.85, with a market value of $31.3 billion.

 

Lufax IPO, Raises $2.36 Billion

In one of the largest IPO in 2020, Lufax raised $2.36 billion and priced its IPO at $13.50, the top range of its target IPO price range of $11.50 to $13.50.  At $13.50, Lufax is valued $32.9 billion.  The main underwriters for Lufax IPO are Goldman Sachs, Bank of America, UBS, HSBC and China PA Securities.  

Lufax is backed by Ping An Insurance, China’s largest insurance company, which owns 39% and Tongjun Investment Company, which owns 39.4% of Lufax. 

 

Lufax – a Chinese fintech giant

Lufax Website | Leading online fintech platform in China

 

Lufax was founded in 2011 as a peer-to-peer (P2P) lending platform.  Lufax is a leading online fintech platform in China providing lending and wealth management services.  In 2017, Lufax expanded into overseas market as LU Globa.  The Chinese fintech giant also operates the Shanghai Lujiazui International Financial Asset Exchange, Chongqing Financial Assets Exchange, Qianhai Financial Assets Exchange and Ping An Puhui Enterprise Management.  

Lufax stands for Shanghai Lujiazui International Financial Asset Exchange.

 

Lufax – Financial 

In the first half of 2020, Lufax reported more than 44 million of registered users, 12.8 million active investors and $55.9 billion (CNY 374 billion) Assets under Management.  In the first half of 2020, Lufax reported revenue of $3.8 billion (CNY25.7 billion) and net profit of $1.09 billion (CNY 7.3 billion).

 

Notes

  • IPO – Initial Public Offering
  • Market Value – Market Capitalization
  • USDCNY Exchange Rate – 6.69

 




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014