Lufax Holding Ltd operates a retail credit and financial services platform serving individuals and small business owners in China. The company provides unsecured and secured consumer loans, along with general-purpose lending products to individual entrepreneurs and small-to-micro business proprietors. Its platform functions as a credit intermediary, originating loans while managing underwriting and borrower acquisition.
Beyond core lending, Lufax operates a wealth management division offering asset management plans, mutual fund products, private investment funds, trust plans, and bank products. The company generates revenue through loan origination and servicing, wealth management product distribution, and advisory services. It also provides enabling services to financial institutions, including technology platform solutions, financing guarantee offerings, and investment and financial consulting.
Based in Shanghai with approximately 35,875 full-time employees, Lufax operates exclusively within China's domestic market. The company was incorporated in the Cayman Islands and listed on the New York Stock Exchange, with a market capitalization of approximately $2.4 billion. Founded in 2005, Lufax operates within China's fintech lending ecosystem, competing alongside other consumer credit and wealth management platforms focused on underserved borrower segments.
No 10-K filings found.