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 invest at small ticket sizes  

The Lufax subsidiary also offers financial products online which range from a minimum...

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