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China's Lufax seeking US$60b valuation in Hong Kong IPO

Lufax is set to become China's second most valuable fintech firm after Alibaba's affiliate, Ant Financial, which was valued at US$75 billion by CLSA in 2016, the South China Morning Post says.

Hong Kong

CHINA'S largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange, or Lufax, is seeking a valuation of US$60 billion with its April initial public offering in Hong Kong, the South China Morning Post...