FinTech
Ping An-Backed Wealth Manager Exits P2P Lending
Lufax, one of China's largest online wealth managers with $55 billion in assets, is reportedly exiting peer-to-peer lending, its original business, due to regulatory challenges. This follows Lufax's decision to delay its float in Hong Kong which it originally planned for the first half of 2018. The firm is believed…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Finews.asia