Lufax Holding Ltd

About Us

Company Profile

Mission & Positioning

Management Team

Development History

Honors

Partners

Corporate Culture

About Ping An

Company Profile

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.

Mission & Positioning

Lufax Holding Ltd is committed to making retail borrowing and wealth management easier, safer and more efficient.

Management Team

Yong Suk Cho

Chairman of the Board and Chief Executive Officer

Gregory Dean Gibb

Director and Co-Chief Executive Officer

Dongqi Chen

General Manager

Youn Jeong Lim

Chief Risk Officer

David Siu Kam Choy

Chief Financial Officer

Jinliang Mao

Chief Technology Officer

Yan Zhuang

Chief human resources officer

Development History

Now				2016				2011

2022

Aug

Included in the Forbes China 2022 ESG 50 List

May

Launched the integrated smart financing product "Luzhangfang"

Feb

Included in the MSCI China All Shares Index

Jan

The small and micro financing service brand renamed as "Ping An Puhui Luhuirong"

May

Included in the Forbes Global 2000 List

2021

Dec

Fully upgraded the "Janus" risk decision engine

Sept

Released the first ESG report

Sept

Added to two FTSE ESG Indexes

Jun

Launched the AI-powered smart loan solution “Xingyun”

May

Included in the Forbes Global 2000 List

2020

Oct

Lufax Holding listed on NYSE, under the symbol ‘LU’.

Aug

The "LU HK" App officially launched to serve Hong Kong investors.

Jun

Lu International (Hong Kong) Limited obtained Types 1, 4 and 9 licenses from the Hong Kong SFC.

May

Lufax’s two Apps among first batch of mobile financial client application filings.

Apr

Lufax received a US $1.29 billion syndicated credit loan.

2019

Nov

Lufax was awarded with total five blockchain service plans by the Cyberspace Administration of China.

Aug

Lufax showcased its AI technologies at the World Artificial Intelligence Conference (WAIC).

Aug

Lufax passed CMMI Level 3 appraisal.

Jul

Lufax launched KYI (Know-Your-Intention) prediction model system.

Mar

Lufax Holding Ltd completed C-round financing.

2018

Oct

Lufax officially released KYC 4.0, improving accuracy of suitability management.

Sept

Ping An Puhui realized 100% online processes for unsecured loan business, introducing technologies such as facial recognition and micro facial expression analysis to enhance customer experience.

Mar

Ping An Puhui upgraded secured loan products, committing itself to serving small business owners and self-employers to facilitate the development of the real economy.

2017

Sept

Ping An Puhui initiated cooperation with non-Ping An insurer to further expand credit enhancement capability.

May

The State Administration of Foreign Exchange approved the request from Shenzhen Branch to start QEX's pilot business.

Jan

Lu International (Singapore) Financial Asset Exchange Pte. Ltd. was incorporated in Singapore.

2016

Sept

KYC 2.0 established as a leading risk control system which included Know Your Customer (KYC) and Know Your Products (KYP).

May

Completed the acquisition of retail credit facilitation business.

May

Lufax Holding Ltd completed the acquisition of Shenzhen Qianhai Financial Assets Exchange (QEX).

Mar

Lufax Holding Ltd completed the acquisition of Chongqing Financial Assets Exchange (CQFAE).

Jan

Lufax Holding Ltd completed the USD1.216 billion Series B financing.

2015

Sept

Lufax Holding Ltd completed brand upgrade, and launched LU.com.

Mar

Lufax Holding Ltd transformed into platform business and complete the USD485 million Series A financing.

2014

Dec

Lufax Holding Ltd was incorporated in the Cayman Islands.

2013

Aug

The People’s Bank of China led the Research Group of Development and Regulatory of Internet Finance on a visit to Shanghai Lufax. The visit affirmed its business model and risk management capabilities.

2012

Mar

Lufax.com, an online investment and lending platform was launched, and launched its first personal innovative investment and financing service.

2011

Sept

Ping An Insurance Group set up Shanghai Lujiazui International Financial Asset Exchange Co., Ltd. ("Shanghai Lufax") as its wealth management subsidiary.

Honors

2022: The "Janus" risk decision engine received the "Sustainable Development" Species Award by the Harvard Business Review

2022: Won the "Best Inclusive Finance Project in China" and the "Annual Green Sustainable Management Platform" by The Asian Banker

2016-2021: Shortlisted in the KPMG China Leading Fintech 50 List

2021: Selected as one of the "Top 50 Online New Economy (Shanghai)" by the Shanghai United Media Group’s Jiemian News

2021: Became one of the first enterprise members of the Digital Finance Innovation Alliance

2020: Winner of Diamond Award for AI, Platinum Award for Blockchain-based Transformation and Platinum Award for Cybersecurity from the Institute of Financial Technologists of Asia (IFTA)

2020: Ranked No.19 on WPP BrandZ™ Top 100 Most Valuable Chinese Brands list

2020: Shortlisted in the China's Fintech Pioneer List of Securities Times

2020: The Asset China Fintech Company of the Year

2019: Ranked No. 26 on the WPP Top 100 Most Valuable Chinese Brands list, with a brand value of USD6.89 billion

2019: Shortlisted in the Outstanding Big Data Security Cases of the Year from National Engineering Laboratories

2019: Shortlisted as a China FinTech Case by Harvard Business School in its FinTech-focused course in 2019

2016-2018: Winner of the Award for Outstanding Economic Contributions to Pudong from the People's Government of Shanghai Pudong New Area

2018: Winner of the Outstanding Achievement Award for Financial Big Data Innovation and Application of the Specialized Committee on Fintech of the Payment and Clearing Association of China

2017: Received RMB7 million special fund support from the Special Development Fund for Shanghai Zhangjiang National Independent Innovation Demonstration Zone

2016: Named a Global Growth Company at the World Economic Forum 2016

2015: Winner of the Shanghai Financial Innovation Award from the Shanghai Municipal Government

Partners

Funding Partners

400

Product Providers

Corporate Culture

Staff Training

Creation Camp

Team Building

Star Power

Knowledge

Sharing

Staff Union Activities

About Ping An

Ping An is one of the three largest integrated financial groups in China. Integrated Finance and Healthcare are core businesses. While ensuring steady growth in main financial businesses, Ping An is increasing investment in technology to empower main financial businesses with world-leading financial technology (fintech) and health technology (healthtech) capabilities. Ping An also uses its innovative technologies to support ecosystems: financial services, health care, auto services, and smart city services.