Lufax

What's behind Beijing’s change of heart on Ant? And why did it punish a “national champ” that was about to do a world-beating IPO?

(July 18): Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reut

SINGAPORE (Aug 25): Investments in financial technology (fintech) ventures in the Asia-Pacific region in the first half of 2016 has surged to US$9.62 billion ($13 billion) – more than double of the US$4.26 billion invested in the whole of last year.