Unicorns 7/229 – Lufax
LUFAX
Key people: Gregory D. Gibb (Chairman, CEO)
Lufax (Chinese: 陆金所; pinyin: Lùjīnsuŏ), full name Shanghai Lujiazui International Financial Asset Exchange Co., Ltd., is an online Internet finance marketplace in China headquartered in Lujiazui, Shanghai. Founded in 2011, it is an associate of China Ping An Group.
The company was founded in September 2011, and started with P2P lending as the only product. It is the second largest Peer-to-peer lender in China. 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. 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.
The group is currently 43% owned by Ping An Insurance (Group) Co., in 2015.
Company Profile
Lu Jinshu, the full name of Shanghai Lujiazui International Financial Asset Market Co., Ltd., is the world’s leading Internet wealth management platform, a member of Ping An Group, in September 2011 incorporated in Shanghai, the registered capital of 837 million yuan, located in the international financial center Shanghai Lujiazui.
Lu Jin is committed to the integration of financial globalization and information technology innovation, based on a sound risk control system for the majority of institutions, enterprises and qualified investors to provide professional, efficient and safe comprehensive financial assets transaction information and consulting related service.
Lu Jin’s lu.com network investment and financing platform (www.lu.com, the original domain name www.lufax.com) in March 2012 on-line operation. As a platform for China Ping An Group, lu.com combines the global financial development and Internet technology innovation to provide professional and reliable investment and financing services for small and medium-sized enterprises and individual clients on the basis of sound risk control system to help them realize Convenient and efficient low-cost financing and wealth appreciation.
Corporate Governance
Shanghai Lujiazui International Financial Asset Market Co., Ltd. Has shareholders’ meeting, board of directors and board of supervisors. The shareholders’ meeting is made up of all shareholders and is the authority of the company. At present, the shareholders’ meeting, board of directors, board of supervisors strictly in accordance with the articles of association to exercise their powers and operate well. Audit Report
As of July 31, 2016, Shanghai Lujiazui International Financial Asset Market Co., Ltd. shareholders and shareholding ratio is as follows:
1. Shanghai Xiongguo Enterprise Management Co., Ltd. (99.995%): December 10, 2014 incorporated in Shanghai, the registered capital of 1 billion yuan, the business scope includ es: business management consulting, financial advice (not engaged in accounting) (Except for financial services), market information consultation and investigation (not to engage in social research, social surveys, opinion polls, polls), investment advisory, asset management, investment management, marketing planning, business services, exhibition services, financial information services (except financial business) (In addition to brokerage), data processing services, e-commerce (not to be value-added telecommunications, financial business), computer software design, development, production, and provide the above related business technical services.
