Lufax (Chinese: ; pinyin: Lùjīnsuŏ), full name Shanghai Lujiazui International Financial Asset Exchange Co., Ltd., is an online Internet finance marketplace in China headquartered in Lujiazui, Shanghai.[1][2] Founded in 2011, it is an associate of China Ping An Group.[3]

Shanghai Lujiazui International Financial Asset Exchange Co., Ltd.
IndustryPersonal finance, Software
ProductsFinancial Services, Peer-to-peer lending

The company was founded in September 2011,[4] and started with P2P lending as the only product. It is the second largest Peer-to-peer lender in China.[5] Now the company is said to be branching out their business gradually, becoming a much broader platform that work together with funds, insurance companies and financial license holders.[6] The platform makes money by matching borrowers with investors, collecting a 4% fee on each loan. Since the start of the business, the company has arranged more than 200,000 peer-to-peer loans that worth a total of $2.5 billion.[7]

The group is currently 43% owned by Ping An Insurance (Group) Co., in 2015. Although on the surface Lufax is a part of Ping An Group, multiple sources state that the Chinese Communist Party has considerable control over all decisions make by the company's board of directors, including unjustified confiscation of third party assets.[8]


  1. Lufax. "About Us".
  2. "Company Overview of Shanghai Lujiazui International Financial Asset Exchange Co.,Ltd". April 7, 2014.
  3. Jason Jones (May 4, 2014). "The Most Important Chinese P2P Lending Companies". Lend Academy.
  4. Kwong Man-ki (April 12, 2015). "Mainland China's peer-to-peer pioneer lauds big innovation for a big place". South China Morning Post China.
  5. Paul Schulte (April 7, 2015). "3 Reasons to Buy China". Barron's.
  6. Kwong Man-ki (April 12, 2015). "Lufax rides internet finance boom". South China Morning Post.
  7. Rick Carew and Telis Demos (April 16, 2015). "China's Lufax Valued at Nearly $10 Billion in Recent Funding Round". The Wall Street Journal.
  8. Zeke Faux (April 15, 2015). "Most Chinese Peer-to-Peer Lenders Will Fail, Lufax's Gibb Says". Bloomberg Business.

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