Lufax expands into international markets

Although peer-to-peer lending platforms face stricter regulations in China, this hasn't stopped the expansion of Lufax into overseas markets.

Lu International, the Singapore-based subsidiary of peer-to-peer P2P lending platform Shanghai Lujiazui International Financial Asset Exchange Lufax, is expanding its user base to corporate clients.

The company said in an email that OCBC Bank has become the first corporate client to access Lu International’s investment products on its digital platform, though it did not specify which products it provides to them.  

Lu International intends to attract more customers by letting them invest in private equity deals. The company sees growth there, and intends to offer its private equity product to be launched by the year-end with the option to...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222