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An update from Lufax Holding Ltd Class A ( (HK:6623) ) is now available.
Lufax Holding Ltd has provided an update on its progress towards resuming trading on the Hong Kong Stock Exchange, following a suspension. The company has made significant strides in addressing the resumption guidance, including appointing new auditors and an independent internal control consultant to enhance corporate governance and financial reporting. Despite the suspension, Lufax continues its operations, reporting a 17.8% decrease in total outstanding loans but a notable increase in consumer finance loans and new loans enabled in the second quarter of 2025. The company also reported a significant rise in the cumulative number of borrowers and an increased risk-bearing capacity.
More about Lufax Holding Ltd Class A
Lufax Holding Ltd is a financial services company incorporated in the Cayman Islands, focusing on wealth management and consumer finance. It operates primarily in the Chinese market, providing a range of financial products and services, including loans and investment management.
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$18.89B
See more data about 6623 stock on TipRanks’ Stock Analysis page.