Lufax Holding Ltd. provides financial services enablement and financing products for small business owners and other borrowers in China through relationships with financial-institution funding partners. Its American depositary shares trade on the NYSE under LU, and the company also reports as a Hong Kong-listed issuer under 6623.
Company news commonly covers annual and interim financial reporting, Form 20-F filings, NYSE listing-compliance status, annual general meeting materials, board and committee composition, senior management changes, compliance appointments, and updates tied to its China financing and credit-enablement business.
Lufax (NYSE: LU; HKEX: 6623) reported a third-quarter 2026 net loss of RMB1,494 million, wider than a year earlier. The loss compared with RMB380 million in third-quarter 2025; basic and diluted loss per ADS were both RMB1.78. Total income fell 4.6% year over year to RMB6,180 million. Credit impairment losses rose 10.3% to RMB4,511 million, while income tax expenses increased to RMB773 million from RMB74 million.
New loans enabled rose 2.5% year over year to RMB58.3 billion, including 25.2% growth in new consumer finance loans. Outstanding loans fell 11.9% to RMB167.1 billion. Reported delinquency rates for loans excluding consumer finance declined sequentially, but the estimated three-month transition rate into non-performing status rose to 1.2% from 1.0%. Consumer finance's non-performing loan ratio remained 1.3%. Hong Kong share trading resumed September 24, 2026.
Lufax Holding (NYSE: LU; HKEX: 6623) plans to release its third-quarter 2026 financial results after market close on October 27, 2026, U.S. Eastern Time.
Management will discuss the results on an earnings call at 9:00 P.M. U.S. Eastern Time that day, corresponding to 9:00 A.M. Beijing Time on October 28. A live and archived webcast will be available on the company's investor relations website.
Lufax Holding (NYSE: LU; HKEX: 6623) appointed Jia Liu as chief financial officer, effective October 16, 2026. Liu has served successively as chief capital operation officer and chief financial officer of CITIC aiBank since February 2020, overseeing strategy, asset and liability management, and financial analysis.
Previously, she held finance leadership roles at Yiren Digital from December 2014 to December 2019 and worked in audit and advisory roles at PricewaterhouseCoopers. She holds finance degrees from Minzu University of China and the University of Rochester and is a certified public accountant in China and the United States.
Lufax Holding (LU) shareholders approved a one-year maturity extension for outstanding Ping An Overseas Holdings Convertible Promissory Notes at an extraordinary general meeting.
The approved extension moves maturity from October 8, 2026 to October 8, 2027. Shareholders also authorized new shares at US$2.32 each, subject to adjustments, upon conversion, subject to Stock Exchange approval of the extension.
Lufax Holding (NYSE: LU; HKEX: 6623) plans an ADS ratio change equivalent to a one-for-ten reverse ADS split, anticipated around October 23, 2026.
The ratio will change from one American Depositary Share (ADS) representing two ordinary shares to one ADS representing twenty ordinary shares. Holders will receive one new ADS for every ten existing ADSs. Certificated holders must surrender their ADSs; Direct Registration System and Depository Trust Company holdings will exchange automatically. Fractional entitlements will be sold, with net proceeds distributed after fees, taxes and expenses. Underlying ordinary shares will remain unchanged, and the ADSs will continue trading on the New York Stock Exchange as LU.
Lufax (LU) will hold an extraordinary general meeting of shareholders at 10:00 a.m. Hong Kong time on October 8, 2026, in Room 3601, No. 1333 Lujiazui Ring Road, Pudong New District, Shanghai, China.
The meeting will consider and, if thought fit, pass resolutions detailed in the EGM notice. The EGM notice, circular, and proxy form are available on the company’s investor relations website. Holders of ordinary shares on the register as of close of business on September 3, 2026 (Hong Kong time) may attend and vote. Holders of ADSs as of close of business on September 3, 2026 (New York time) may exercise voting rights by submitting instructions to Citibank, N.A.
Lufax (NYSE: LU; HKEX: 6623) reported unaudited second quarter 2026 results, with total income of RMB6,227 million, down 15.5% year over year, and a narrowed net loss of RMB82 million versus RMB594 million a year earlier.
For the first half of 2026, total income was RMB12,489 million, down 11.3% year over year, and net loss increased to RMB694 million from RMB519 million. Total expenses in Q2 fell 12.7% to RMB6,197 million, with expenses excluding credit impairment, finance costs and other gains/losses down 27.5%.
Total outstanding loan balance declined 13.5% to RMB167.3 billion, while the consumer finance loan balance grew 19.9%. New loans enabled in Q2 rose 4.6% to RMB51.1 billion, driven by 27.6% growth in new consumer finance loans. According to Lufax, governance and internal control enhancements have enabled a return to a normal reporting cadence.
Lufax (NYSE: LU; HKEX: 6623) will release its second quarter 2026 financial results after the U.S. market close on Tuesday, August 18, 2026 (U.S. Eastern Time). Management will host an earnings conference call at 9:00 P.M. U.S. Eastern Time, equivalent to 9:00 A.M. Beijing Time on August 19, 2026.
Investors must register online in advance to receive dial-in numbers, the event passcode and a unique access PIN. A live and archived webcast will be available via Lufax’s investor relations website, with a telephone replay accessible until August 24, 2026 using the provided U.S. and international numbers and conference ID 8048734.
Lufax (NYSE: LU; HKEX: 6623) announced multiple board and management changes effective July 25, 2026. Four directors, including CFO and executive director Tongzhuan Xi, resigned citing personal work arrangements, with no disagreement with the Board. Lufax has started searching for a new CFO, while an internal team will temporarily handle CFO duties. CEO Xiang Ji has been appointed as the Hong Kong Authorised Representative. The Board appointed Wai Kin Chim, a veteran banker with over 40 years’ experience in risk management and governance, as an independent non-executive director for an initial three‑year term, and adjusted committee memberships, including its Nomination and Remuneration Committee and Special Committee.
Lufax (NYSE: LU) announced results of its annual general meeting held in Shanghai on June 30, 2026. Shareholders adopted the audited consolidated financial statements for years ended December 31, 2024 and 2025, including the related directors’ and auditors’ reports.
They also re-elected ten directors across executive, non-executive and independent roles, authorized the board to set director remuneration, and re-appointed Ernst & Young and Ernst & Young Hua Ming LLP as auditors until the next AGM, with the board authorized to fix their 2026 remuneration.