Lu is Lufax’s second overseas venture after it entered the Singapore market in 2017. Photo: ReutersLu is Lufax’s second overseas venture after it entered the Singapore market in 2017. Photo: Reuters
Lu is Lufax’s second overseas venture after it entered the Singapore market in 2017. Photo: Reuters

Ping An’s Lu wealth management unit offers two zero-commission months on Hong Kong launch, might ignite price war

  • Lu International (Hong Kong), a subsidiary of Lufax Holding, part of Ping An, launched on Monday and is charging zero commission until the end of September
  • It will be difficult for companies to keep a zero-commission rate for a long period, Hong Kong Investment Funds Association chairman says

Topic |   Banking & Finance
Lu is Lufax’s second overseas venture after it entered the Singapore market in 2017. Photo: ReutersLu is Lufax’s second overseas venture after it entered the Singapore market in 2017. Photo: Reuters
Lu is Lufax’s second overseas venture after it entered the Singapore market in 2017. Photo: Reuters
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