LU - Lufax: Best Chinese Fintech Stock To Buy

• Lufax is a leading online Internet finance marketplace in China offering retail credit and wealth management services to Chinese borrowers and investors.
• The company is ranked in the top 3 in the Chinese retail and wealth management market against Ant Group and Tencent.
• Its growth potential is supported by the key drivers of robust demand for retail credit and rising middle income wealth among the Chinese population as major tailwinds.
• It benefits from its unique relationship with Ping An, one of the largest insurers in China, which provides wide network access and insures the majority of loans Lufax facilitates.
• Our research leads us to believe Lufax is the best Chinese fintech company due to its strong fundamentals, corporate backing, and attractive valuation.

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