Lufax building ebank ahead of IPO

In an exclusive interview, Lufax CEO Gregory Gibb explains how the company has a golden opportunity to offer more online-to-offline services to China's growing middle class.

Lufax building ebank ahead of IPO
Gregory Gibb, chairman and chief executive of Lufax, speaks at the 2016 Asian Financial Forum in Hong Kong.

Chinese peer-to-peer lender Lufax will use its newly raised $1.2 billion of additional funding not just to boost its lending capacity but also to connect more online investors with offline services, ahead of a planned initial public offering that could fetch more than $5 billion.

In an exclusive interview with FinanceAsia on Tuesday, Lufax chief executive officer Gregory Gibb said the Shanghai-based company has massive scope to...

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