BRIEF: Lufax replaces chief risk officer
Online lender Lufax Holding Ltd. (LU.US; 6623.HK) on Friday announced that Youn Jeong Lim resigned as the company’s chief risk officer, citing “personal work arrangements, and was replaced by Cheng…
Lufax deepens Ping An reliance, as it works towards trading resumption
The online loan facilitator has signed a flurry of agreements strengthening its ties to its parent, Ping An Group, as it works towards reinstatement of trading for its Hong Kong…
Auditor drama casts unflattering light on Lufax at already-difficult time
The online loan facilitator moved to fire PwC after the accountant raised a red flag over some related-party transactions Key Takeaways: Lufax’s board has proposed terminating PwC as its external…
OneConnect in forced divorce from parent Ping An
The financial software services provider will shutter its cloud business, whose main clients were its parent and other related companies Key Takeaways: OneConnect will shutter its cloud services division, which…
PODCAST: Relaxing Data Requirements, and a Big Dividend
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
CHINA BULLETIN: China Eases Up on Cross-Border Data Requirements
In this week’s issue data relief for foreigners, Holland in the hot seat and a cloak-and-dagger poisoning case draws to a close. On a scale of 1 to 100, we…
Investors unimpressed by massive dividend from shrinking Lufax
The online lender’s American depositary shares rose by just $1.11 in the two days after it announced a special dividend of $2.42 per ADS Key Takeaways: Lufax announced a massive…