Lufax Holding Ltd
lufaxholding.comWhat Do They Do?
Enables loans for small business owners and provides consumer finance products to retail consumers, while helping financial institutions serve small businesses.
20-F for FY2025, filed Apr 30, 2026
Who Are Their Customers?
Small business owners and retail consumers use its loan services; financial institutions fund loans and may provide credit enhancement. Lufax reaches borrowers through direct sales, channel partners, and online and telemarketing, and also refers some borrowers to banks.
20-F for FY2025, filed Apr 30, 2026 20-F for FY2022, filed Apr 7, 2023We are a leading financial services enabler for SBOs in China. We are committed to providing SBOs with comprehensive, convenient financial…View ↗
Our core retail credit and enablement business model comprises both general unsecured loans and secured loans, which we enable under the…View ↗
In addition to enablement, we also make consumer finance loans through our licensed consumer finance subsidiary. Our subsidiary bears some…View ↗
We source borrowers under our Puhui brand primarily through offline channels, because we primarily focus on loans with larger ticket sizes…View ↗
We complement our direct sales force with a large and robust set of channel partners. Our channel partners introduce borrowers and are paid…View ↗
Online and TelemarketingView ↗
How Are They Changing?
Online wealth management
The latest report says Lufax has begun winding down its online wealth management business, while the older report describes it as an ongoing business conducted mainly through consolidated affiliated entities.
20-F for FY2022, filed Apr 7, 2023 20-F for FY2025, filed Apr 30, 2026In order to comply with PRC laws and regulations, we operate an SBO value-added services platform under the brand of Ludiantong through the…View ↗
In order to comply with PRC laws and regulations, we historically carried out our online wealth management business primarily through the…View ↗
Who Do They Compete With?
Competes with MYbank, WeBank, Du Xiaoman Financial, and JD Technology
20-F for FY2025, filed Apr 30, 2026We compete primarily with non-traditional financial service providers such as MYbank, WeBank, Du Xiaoman Financial and JD Technology, and…View ↗
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