About Us
Company Profile
Lufax Holding is a leading financial service empowering institution for small and micro businesses in China, and an associate of Ping An Group Group.We providing individual entrepreneurs with easy access to inclusive products and services, empowers institutional partners, implements inclusive finance, and supports the real economy.
We offer tailor-made financing products to SBOs and other high-quality borrowers to address their large unmet needs. In doing so, we have established relationships with over 550 financial institutions in China, many of which have worked with us for over three years. These financial institutions provide funding and credit enhancement for the loans we enable as well as other products to enrich the SBO ecosystem that we are creating.
Through our unique offline-to-online model supported by an extensive nationwide direct sales network. Our total balance of retail credit enabled reached RMB315.4 billion as of December 31, 2023. We ranked second among non-traditional financial service providers for SBOs in China in terms of total inclusive SMB loans enabled as of June 30, 2022.
Mission & Positioning
Our mission is to foster small business competitiveness and sustainability by providing individual entrepreneurs with easy access to inclusive products and services and empowering institutional partners to reach and serve SBOs efficiently.
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
 
 
2024
Mar
Included in FTSE Global Equity Index
Mar
The SBO financing service brand renamed as “Ping An Danbao”
2023
July
Fortune China TOP500, 2023
Apr
Lufax Holding Listing on HKEX, stock code "06623"
Jan
For 7 consecutive years, KPMG has been selected as the leading fintech company in China TOP50
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
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
2023: Fortune "China TOP500"
2023: The Asset "Best Digital Collaboration"
2023: "Gold Medal List of Chinese Financial Institutions" The Best Technology-Enabling Fintech Company
2022: The Forbes "2022 ESG top 50"
2022: Xinhua Credit Jinlan Cup Social Responsibility Practice Pioneer Case
2022: "Excellent Social Responsibility Project of China Financial Year" by Jinnuo Award
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
80
+
Funding Partners
480
+
Empowering financial institutions such as banks
Corporate Culture
Staff Training
Creation Camp
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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.
lufax
No. 1333 Lujiazui Ring Road, Shanghai, People's Republic of China
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