During the corresponding time, Lufax Holding Ltd saw a revenue deteriorated by -31.53 % year on year, While revenue at the Lufax Holding Ltd's corporate clients
Lufax Holding Ltd's Comment on Sales, Marketing and Customers
The company serves small and micro business owners requiring larger loans on short notice for operational needs, as well as salaried workers managing major life expenses. It targets premium customers with flexible and diversified products, utilizing a large nationwide direct sales team to access borrowers within the Chinese economy. The business model includes offering general unsecured and secured loans under the Ping An Rongyi brand, emphasizing convenient financing services through financial technology and an offline service network. Institutional partners are supported by borrower referrals and risk analytics sharing, while the company manages credit risk through post-loan and collection services. The company has shifted to primarily using its licensed financing guarantee subsidiary, Ping An Danbao, for credit enhancement, thereby reducing reliance on third-party providers.
Lufax Holding Ltd’s Comment on Sales, Marketing and Customers
The company serves small and micro business owners requiring larger loans on short notice for operational needs, as well as salaried workers managing major life expenses. It targets premium customers with flexible and diversified products, utilizing a large nationwide direct sales team to access borrowers within the Chinese economy. The business model includes offering general unsecured and secured loans under the Ping An Rongyi brand, emphasizing convenient financing services through financial technology and an offline service network. Institutional partners are supported by borrower referrals and risk analytics sharing, while the company manages credit risk through post-loan and collection services. The company has shifted to primarily using its licensed financing guarantee subsidiary, Ping An Danbao, for credit enhancement, thereby reducing reliance on third-party providers.
Sources:
Lufax Holding Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Lufax Holding Ltd’s corporate clients.
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