A digital financial platform in China that helps everyday consumers manage wealth products and take up loans, all through an online app. It was incubated by Ping An, one of the country's largest insurance groups, and launched in 2011. The name "Lufax" blends "Lu" from Lujiazui, Shanghai's famous financial district, with an echo of wealth management. The company listed on the New York Stock Exchange in 2020.
Lufax extends Ping An Overseas Holdings convertible notes maturity to Oct 2027 and redeems An Ke notes
Lufax will pay Ping An Overseas Holdings US$29,377,672.86 as consideration for the extension, based on a fair value of approximately US$478,610,000 for the notes as of June 30, 2026.
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On August 20, 2026, Lufax entered into an agreement to extend the maturity of Ping An Overseas Holdings' convertible promissory notes by one year, from October 8, 2026 to October 8, 2027.
The outstanding principal of the Ping An Overseas Holdings notes is US$507,988,000; the An Ke Technology notes, with outstanding principal of US$468,912,000, will be redeemed in full on the original maturity date.
The transactions are considered connected transactions because An Ke Technology and Ping An Overseas Holdings hold approximately 44.13% and 22.72% of Lufax's shares, respectively, and require independent shareholder approval.
A circular with further details and a notice of the extraordinary general meeting is expected to be published on or before September 11, 2026.
Lufax reports Q2 2026 net loss of RMB82 million, narrowing 86.2% year-over-year
Total income for Q2 2026 was RMB6,227 million (US$918 million), down 15.5% from RMB7,365 million in Q2 2025.
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Net loss narrowed to RMB82 million (US$12 million) in Q2 2026 from RMB594 million in Q2 2025.
New loans enabled in Q2 2026 rose 4.6% year-over-year to RMB51.1 billion, driven by a 27.6% increase in consumer finance loans.
As of June 30, 2026, total outstanding loan balance was RMB167.3 billion, down 13.5% year-over-year, while consumer finance loans grew 19.9% to RMB65.4 billion.
No semi-annual dividend will be paid due to the net loss for the first half of 2026.
Lufax Holding Ltd files August 2026 Form 6-K with July 2026 monthly return to HKEX
The filing includes a monthly return submitted to the Hong Kong Stock Exchange for July 2026, showing no change in issued shares at 1,733,377,784 ordinary shares.
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Lufax Holding Ltd filed a Form 6-K with the SEC on August 5, 2026, covering the month of August 2026.
Authorized share capital remained at 10,000,000,000 ordinary shares with par value USD 0.00001, totaling USD 100,000.
Outstanding share options under the 2014 Share Incentive Plan decreased by 3,390 to 7,236,248, with no new shares issued during the month.
Ping An Convertible Promissory Notes of USD 976,900,000 remain outstanding, convertible at USD 2.32 per share, potentially issuing up to 421,077,586 shares.
Lufax announces board and management changes, CFO resignation, and Q2 2026 operational highlights.
Fangfang Cai, Shibang Guo, and Peifeng Li resigned as non-executive directors, and Tongzhuan Xi resigned as executive director and CFO, effective July 25, 2026.
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Wai Kin Chim was appointed as an independent non-executive director for a three-year term starting July 25, 2026.
Xiang Ji, CEO, was appointed as the Authorised Representative under the Hong Kong Listing Rules, effective July 25, 2026.
Total outstanding loan balance was RMB167.3 billion as of June 30, 2026, down 13.5% year-over-year; new loans enabled in Q2 2026 were RMB51.1 billion, up 4.6%.
Trading of Lufax shares on the Hong Kong Stock Exchange remains suspended; the company is responding to the Stock Exchange's questions on investigations and internal control review.
Lufax Holding files monthly return with HKEX for June 2026, no share movements.
Authorized share capital remained unchanged at 10,000,000,000 ordinary shares with par value USD 0.00001, totaling USD 100,000.
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Lufax Holding Ltd filed its monthly return with the Stock Exchange of Hong Kong for the month ended June 30, 2026.
Issued shares (excluding treasury shares) stayed at 1,733,377,784, with no treasury shares held.
The company confirmed compliance with the 25% public float requirement for its listed ordinary shares.
Outstanding share options under the 2014 Share Incentive Plan were 7,239,638, and convertible notes from Ping An amounted to USD 976,900,000 with a conversion price of USD 2.32.