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Original title: Lufax Holding Steady Growth Asset Management Scale, Double Loan Balance Source: Interface
The effect of Lufax Holding’s structural transformation continued to show. April 23,Ping An ChinaAccording to the launch of the first quarterly report in 2020, in the context of the general economic adjustment, Lufax Holdings continued to maintain its leading position in the wealth management and personal loan markets. Not only did its overall revenue maintain steady growth, but its client asset management scale and loan management balance achieved “double growth.”
In the field of wealth management, Lufax continued to carry out business transformation and optimization of the product structure. Thanks to the open platform operating model and a large number of institutional cooperation foundations, Lufax fully promotes in-depth cooperation with B-end institutions, and the rapid development of platform standard products and B-end asset cooperation has achieved rapid growth. At the end of March 2020, the size of Lufax clients’ assets increased by 2.3% from the beginning of the year to 354.848 billion yuan, rapidly reversing the previous decrease in scale caused by the voluntary reduction in the consumer finance in response to “three falls” regulatory requirements.
Technology is understood to also play an important role in the transformation and development of Lufax. Lufax builds on the ability of science and technology to build an intelligent trading system. By using artificial intelligence technology to achieve intelligent customer and product matching, it also adds a significant boost to business growth. For example, during the February epidemic, Lufax Smart Online Customer Service and Manual Customer Service served more than 203,000 customer inquiries.RobotSolving user problems accounted for 97%; The platform’s intelligent “breakpoint service robot” provides services to a total of 400,000 clients, helping clients solve all kinds of platform operation problems.
In recent years, Lufax has been focusing on increasing investment and technology design. In September 2019, the registered capital of Lufax (Shanghai) Technology Services Co., Ltd., a subsidiary of Lufax, increased from $ 469 million to $ 919 million. Lufax replied at the time that Luji was a very important technology segment under Lufax Holdings. The capital increase will benefit the future development of Lufax’s technology segment.
Lufax Holdings’ personal loan business also performed well, achieving steady growth. At the end of March 2020, the balance of Lufax Holdings management loans increased 9.5% from the beginning of the year to 506.275 billion yuan. During the epidemic, to help clients cope with the epidemic, Lufax Holdings is reportedly actively helping eligible borrowers to apply for deferred repayment of principal and interest in accordance with national policies, and at the same time makes use of Full of artificial intelligence technology to ease the pressure of insufficient rework rate, while rigorous risk control Closely monitor the quality of loan portfolios to help clients overcome difficulties.
It is also worth noting that Ping An Consumer Finance Co., Ltd. (hereinafter “Ping An Consumer Gold”) has also been officially approved and set the fastest opening record in the preparatory period. The response shows that Lufax Holding’s affiliated companies account for 70% and Ping An Group owns 30%. In general, the establishment of Ping An Consumer Finance is believed to add new growth points to the transformation of Lufax Holdings.
