Lufax ADRs have had a bumpy ride since the fintech giant listed in October as investors digest fast-evolving fintech regulation in China. Photo: Reuters Lufax ADRs have had a bumpy ride since the fintech giant listed in October as investors digest fast-evolving fintech regulation in China. Photo: Reuters
Lufax ADRs have had a bumpy ride since the fintech giant listed in October as investors digest fast-evolving fintech regulation in China. Photo: Reuters
Fintech

China’s online lender Lufax recalibrates business model as regulators clamp down on Big Tech lending

  • Lufax has lowered annual percentage rates (APRs) on loans to 24 per cent and made sure its services are unbundled
  • Lufax to raise credit exposure to 20 per cent by end June; checking with regulators if ‘skin in game’ must rise to 30 per cent

Topic |   Fintech
Lufax ADRs have had a bumpy ride since the fintech giant listed in October as investors digest fast-evolving fintech regulation in China. Photo: Reuters Lufax ADRs have had a bumpy ride since the fintech giant listed in October as investors digest fast-evolving fintech regulation in China. Photo: Reuters
Lufax ADRs have had a bumpy ride since the fintech giant listed in October as investors digest fast-evolving fintech regulation in China. Photo: Reuters
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