Regulatory Issues Causing Ping An-Backed Lufax to Exit P2P Lending: Reuters

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. The move by …

from News – Insurance Journal https://ift.tt/2O66xvn