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Lufax Holding Ltd Class A ( (HK:6623) ) has provided an announcement.
Lufax Holding Ltd provided a quarterly update on its efforts to resume trading in Hong Kong, noting ongoing communication with the stock exchange over an independent investigation into past transactions and a completed internal control review. The company’s auditor EY is still reviewing and auditing its 2025 interim and annual financial statements, while Lufax maintains normal operations during the trading suspension.
Operationally, Lufax reported that its total outstanding loan balance fell 15.4% year on year to RMB172.5 billion in the first quarter of 2026, even as the outstanding balance of consumer finance loans rose 18.5%. New loans enabled declined 14.8% to RMB48.8 billion, the borrower base expanded to 29.6 million, and the company significantly increased the proportion of loan risk it bears directly, underscoring a shift in its risk-sharing structure with credit enhancement partners.
More about Lufax Holding Ltd Class A
Lufax Holding Ltd is a China-based online personal financial services platform that focuses on retail lending and consumer finance. The group connects individual borrowers with financial institutions and funding partners, with a growing emphasis on consumer finance loans and risk-bearing models across its loan portfolio.
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.27B
For detailed information about 6623 stock, go to TipRanks’ Stock Analysis page.