China: Peer-to-peer lender Lufax says IPO will help fund local, overseas expansion

China: Peer-to-peer lender Lufax says IPO will help fund local, overseas expansion

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Lufax, China’s biggest peer-to-peer lending and wealth management platform, sees a potential listing helping to fund expansion at home and abroad, though it has set no specific timeline for a deal, Chief Executive Officer Gregory Gibb told Reuters in an interview on Monday.

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