Reuters: Business News: Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes – sources

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Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world’s media, financial institutions, businesses and individuals.
Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes – sources http://feeds.reuters.com/~r/reuters/businessNews/~3/vIMj2yOcV7E/exclusive-ping-an-backed-lufax-to-ditch-p2p-lending-amid-regulatory-woes-sources-idUSKCN1UD0QP Jul 18th 2019, 07:16
Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

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