The market leader has a great reputation and a great responsibility. When the market sentiment is optimistic, the leader is the pioneer, which determines the space and boundaries of the industry; when the market sentiment is pessimistic, the leader is the shelter. In the online lending industry, Lufax is the No. 1 leader, a weather vane, and telemarketing list an Optimus Prime. The industry is already precarious. If Lufax also withdraws, will the online loan industry still hold up? If you want to retire, what is the real reason? In the face of the exit rumors, Lufax (Lufax Holding Co., Ltd.) did not respond positively, but only said that its subsidiary Lufax (Shanghai Lufax Internet Financial Information Service Co., Ltd., referred to as Lufax, author's note) P2P The business is actively responding to and cooperating with the regulatory requirements of "three reductions", and existing products and customer rights will not be affected."
If you want to retire, what is the reason? The size of the internal contribution is not a reason, and mosquito legs are also meat; The frequent occurrence of negative public opinion on online lending cannot stop Lufax's footsteps. Historically, even telemarketing list if there has been a debt-swap crisis, lenders' confidence in Lufax's services has never changed; As for the slim prospect of filing, it is not a problem for Lujinfu. As long as there are still filings, even if there are only two in the end, Lujinfu will be one of them. In my opinion, the biggest reason may be at the strategic level, that is, for Ping An Group, the online loan business has lost the synergy value of the license, or even if it is filed, it is just a license with no difference. Divide online lending into two, one end is lending, corresponding to the lending license; the other is investment, corresponding to the asset management license.
Ping An Group is a fully licensed organization, and there is no shortage of any. From the investment side, in addition to banking and insurance licenses, Ping An also has Ping An Trust, Ping An Securities, Ping An Asset Management, Ping An-UOB Fund and Ping An Financial Leasing licenses for investment business. From the perspective of license differences, the advantage of P2P lies in asset-light operation, which is positioned as a pure information intermediary and does not consume capital. For example, by the end of 2018, Lujinfu's registered capital was only 100 million yuan, and its owner's equity was only 107.5 million yuan, but it could manage a scale of 100 billion yuan. In contrast, other asset management licenses consume too much capital. Therefore, despite the constant controversy since the advent of P2P, Ping An has plunged into it and has maintained the number one position for a long time.