Jul 30, 2022
In Welcome to the Forum
Before 2011, there were few players in the P2P industry. Although veteran players such as CreditEase and Hongling Venture Capital have been working in this market for several years, Lending Club on the other side of the Pacific has also been Buy email list operating for 5 years, but the new "P2P" The stuff was not well known to the people at the time. Lufax was born on the eve of the outbreak of China's P2P industry and is the son of Ping An Group. Since the online investment and financing platform (P2P) launched in March 2012, Lufax has become an "open platform for comprehensive wealth management". In addition to P2P business, there are also small loan business, fund sales business, and gold exchange business. It has also been opened up for other products of Ping An Group and has become a sales channel for Ping An securities, insurance and other products. Therefore, Lufax is no longer a P2P platform. Its P2P business was officially divested in December 2016 and incorporated into its sub-brand Lufax. In terms of corporate structure, Lufax is also an independent subsidiary. As one of the first three financial groups with full financial licenses in China (the other two are CITIC and China Everbright), Ping An Group provided Lufax with all-round support in terms of capital, assets and licenses. 1.2 Pattern: Three Institutions and One Benefit + Open Platform In 2016, Lufax completed the reorganization of the inclusive finance business and the heavy gold exchange business, took over the Puan Pratt & Whitney business group from Ping An Group, and formed its subsidiaries Lufax, Chongqing Financial Assets Exchange, and Qianhai Financial Assets Trading. The strategic layout of "Three Institutes and One Benefit" for Ping An Pratt & Whitney. Lufax focuses on B2C business. The former gold exchange focuses on cross-border transactions, and the Chongqing Gold Exchange focuses on product transactions between financial institutions and local government financing.