P2P Lender Lufax Eyes Expansion in Hong Kong, Singapore

By Jiang Bowen, Wang Duan, Dong Tongjian and Han Wei

(Hong Kong) — China’s largest peer-to-peer (P2P) lender — Shanghai Lujiazui International Financial Asset Exchange Co., or Lufax — is looking to expand overseas to target wealthy Chinese investors, its chairman revealed Monday.

Lufax Chairman and CEO Gregory Gibb made the comments as the company moves toward an IPO that could be one of next year’s largest.

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