Lufax Holding Ltd, the China-based wealthtech and fintech giant, is planning to go public in Hong Kong, the latest in a wave of New York-traded Chinese companies seeking alternative listings to hedge against the risk of being banned from U.S. markets. As China and the U.S. continue to struggle to reach an agreement allowing American regulators to inspect the audits of Chinese corporations, Chinese companies that Beijing deems to be in possession of sensitive information may be forced to to quit U.S. exchanges.
China Fintech Company Lufax Plans Hong Kong Listing to Hedge US Risk
