China’s Lufax targets up to $2b raise in fresh funding amid delayed listing

A booth of Lufax is seen during an exhibition in Beijing, China, August 4, 2016. Picture taken August 4, 2016. REUTERS/Stringer

China’s Lufax aims to raise up to $2 billion in fresh funding, valuing one of the country’s largest online wealth management platforms at $40 billion, as it opts for private investment ahead of a delayed listing, said people familiar with the deal.

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