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Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources

Postby smix » Thu Jul 18, 2019 9:35 am

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources
Reuters

URL: https://www.reuters.com/article/us-lufa ... SKCN1UD0QP
Category: businessNews
Published: Thu, 18 Jul 2019 03:16:16 -0400

Description: Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.
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