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Lufax will withdraw from P2P business and is applying for a consumer finance license? is that true?

Original title: lufax will withdraw from P2P business and is applying for a consumer finance license? Response: cooperate with the regulatory requirements of "three reductions"

China finance and Economics on July 18 (reporter Yang Chang) today, the media broke the news that lufax will withdraw from the online loan business and transform. The insider also said that lufax is applying for a consumer finance license. The relevant person in charge of lufax responded that the P2P business of lufax is actively responding to and cooperating with the regulatory requirements of three reductions. Existing products and customer rights will not be affected. " On whether to apply for a consumer finance license, the official said he would not comment.

According to media reports, lufax, one of China's largest online wealth management platforms, plans to withdraw from P2P business. Two people familiar with the matter said that lufax's withdrawal from P2P business is due to regulatory obstacles. They do not know the specific closing time, but lufax has begun to apply for a consumer finance license.

In this regard, the relevant person in charge of Lujin office told reporters: 'Lujin service P2P business is actively responding to and cooperating with the regulatory requirements of three reductions. Existing products and customer rights will not be affected. " On whether to apply for a consumer finance license, the official said he would not comment.

According to the data of online loan Tianyan, the current loan balance of lujinfu is 98.4 billion yuan, with more than 650000 lenders and 1.46 million borrowers, and the turnover in June exceeded 7.4 billion yuan.

According to the official website, lufax was incorporated in Shanghai in October 2014 with a registered capital of 100 million yuan. It is a wholly-owned subsidiary of Shanghai Lujiazui international financial asset trading market Co., Ltd. and a platform focusing on providing online lending intermediary information services.