Lufax CEO Says IPO Postponed to Next Year Amid Market Tumult

  • Chinese lender had considered offering later this year
  • The 2,000 peer-to-peer lenders could drop to couple hundred

Lufax: P2P Industry Faces Significant Consolidation

Gregory Gibb, chief executive officer of China’s Lufax, said an initial public offering for the peer-to-peer lender and broker will be postponed until next year amid turmoil in the market and questions over government regulation.

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