Lufax Raises 2025 Caps on Ping An Finance Services Amid Strong Demand

MT Newswires Live

Jul 18

Lufax Holding (HKG:6623) has agreed to raise the 2025 annual caps on service transactions with Ping An Consumer Finance under their existing collaboration agreement, according to a Friday filing with the Hong Kong bourse.

Under the revised terms, the cap for general services fees was increased from 1.18 billion yuan to 1.84 billion yuan, while the cap on guarantee service fees rose from 749.3 million yuan to 1.15 billion yuan.

The cap for the maximum monthly average loan principal covered by guarantees was lifted to 18.16 billion yuan, up from 14.97 billion yuan.

Lufax said the changes reflect first-half transaction growth and anticipated expansion driven by policy support for consumer finance in China.

The proposal requires approval from independent shareholders at an extraordinary general meeting scheduled for September 30.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2552211458"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2552211458\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2552211458?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-18 09:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2552211458","market":"sg","top_or_hot":-1,"title":"Lufax Raises 2025 Caps on Ping An Finance Services Amid Strong Demand","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/LU\">Lufax</a> Holding (HKG:6623) has agreed to raise the 2025 annual caps on service transactions with <a href=\"https://laohu8.com/S/000001\">Ping An</a> Consumer Finance under their existing collaboration agreement, according to a Friday filing with the <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> bourse.</p><p>Under the revised terms, the cap for general services fees was increased from 1.18 billion yuan to 1.84 billion yuan, while the cap on guarantee service fees rose from 749.3 million yuan to 1.15 billion yuan.</p><p>The cap for the maximum monthly average loan principal covered by guarantees was lifted to 18.16 billion yuan, up from 14.97 billion yuan.</p><p>Lufax said the changes reflect first-half transaction growth and anticipated expansion driven by policy support for consumer finance in China.</p><p>The proposal requires approval from independent shareholders at an extraordinary general meeting scheduled for September 30.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lufax Raises 2025 Caps on Ping An Finance Services Amid Strong Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLufax Raises 2025 Caps on Ping An Finance Services Amid Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-18 09:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/LU\">Lufax</a> Holding (HKG:6623) has agreed to raise the 2025 annual caps on service transactions with <a href=\"https://laohu8.com/S/000001\">Ping An</a> Consumer Finance under their existing collaboration agreement, according to a Friday filing with the <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> bourse.</p><p>Under the revised terms, the cap for general services fees was increased from 1.18 billion yuan to 1.84 billion yuan, while the cap on guarantee service fees rose from 749.3 million yuan to 1.15 billion yuan.</p><p>The cap for the maximum monthly average loan principal covered by guarantees was lifted to 18.16 billion yuan, up from 14.97 billion yuan.</p><p>Lufax said the changes reflect first-half transaction growth and anticipated expansion driven by policy support for consumer finance in China.</p><p>The proposal requires approval from independent shareholders at an extraordinary general meeting scheduled for September 30.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1188","symbol_name":"消费信贷","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2552211458","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552211458","pubTimestamp":1752802674,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Lufax Holding  has agreed to raise the 2025 annual caps on service transactions with Ping An Consumer Finance under their existing collaboration agreement, according to a Friday filing with the Hong Kong bourse.Under the revised terms, the cap for general services fees was increased from 1.18 billion yuan to 1.84 billion yuan, while the cap on guarantee service fees rose from 749.3 million yuan to 1.15 billion yuan.The cap for the maximum monthly average loan principal covered by guarantees was lifted to 18.16 billion yuan, up from 14.97 billion yuan.Lufax said the changes reflect first-half transaction growth and anticipated expansion driven by policy support for consumer finance in China.The proposal requires approval from independent shareholders at an extraordinary general meeting scheduled for September 30.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1188":"消费信贷","06623":"陆控"},"translate_title":"由于需求强劲，陆金所提高平安金融服务2025年上限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06623":0.9},"content_text":"Lufax Holding (HKG:6623) has agreed to raise the 2025 annual caps on service transactions with Ping An Consumer Finance under their existing collaboration agreement, according to a Friday filing with the Hong Kong bourse.Under the revised terms, the cap for general services fees was increased from 1.18 billion yuan to 1.84 billion yuan, while the cap on guarantee service fees rose from 749.3 million yuan to 1.15 billion yuan.The cap for the maximum monthly average loan principal covered by guarantees was lifted to 18.16 billion yuan, up from 14.97 billion yuan.Lufax said the changes reflect first-half transaction growth and anticipated expansion driven by policy support for consumer finance in China.The proposal requires approval from independent shareholders at an extraordinary general meeting scheduled for September 30.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}