Sunday, October 25, 2020
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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

Lufax’s NYSE Listing Could Be Biggest Chinese IPO in the US Since Alibaba’s Debut

Escalating tensions between China and the US have failed to deter Shanghai-based fintech giant Lufax from pursuing a stateside initial public offering...

Lufax Grabs Fintech Innovation Award from Global Banking & Finance Review

Chinese fintech giant Lufax (陆金所) has won an award for innovation from a leading British trade publication for the banking and finance...

Lufax CEO Greg Gibb Says China’s Fintech Companies Will Drop from Thousands to Several Hundreds

The head of one of China's biggest fintech companies has outlined his expectations for the future of the Chinese sector at an...

Lufax Pioneers Use of Blockchain for Tracking of Online Loan Transactions in China

One of China's leading fintech companies is pioneering the use of blockchain technology in relation to online financial products.

Only 6 Banking Sector P2P Platforms Left in China

The number of bank-run P2P platforms operating in China despite the natural advantages that established lenders have brought to Fintech business. Securities Daily reports that...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...