1. Lufax has signed new agreements with Ping An for business growth. 2. The company replaced PwC with Ernst & Young as its auditor. 3. Trading of Lufax's Hong Kong shares remains suspended after compliance issues. 4. Outstanding loans decreased, indicating a shift towards consumer lending. 5. Lufax's dependence on Ping An raises operational risks and concerns.
The company's ongoing compliance issues and dependence on Ping An heighten risks, similar to those faced before its trading suspension. Recent operational performance continues to exhibit troubling trends, compromising investor confidence.
The article discusses Lufax's significant issues and dependence on Ping An, which directly impacts investor sentiment and stock performance.
Immediate concerns over compliance and trading resumption may influence LU's stock price in the near term, especially as it continues to struggle with operational independence.