Cho held various management positions at Ping An Insurance before joining Lufax

In its maiden quarterly report, wealth management transaction and service fees jumped 20.3% in fourth quarter, partly offset by declining fees from its legacy P2P lending business

Ping An-backed wealth management platform is latest to tap U.S. capital markets despite deteriorating political ties

Former P2P lending specialist is now one of the biggest in its field, in terms of loans facilitated and assets under management

The possibility that Ping An will absorb Lufax Holding, which it controls, would provide the latter’s shareholders with an alternative exit as going public looks ever less likely