Lufax Holding Ltd enters the MSCI China All Shares Index


HONG KONG and SHANGHAI, February 14, 2022 /PRNewswire/ — Ping An Insurance Company (Group) of Chinaltd. (hereafter “Pingan” or the “Group”, HKEx: 2318; SSE: 601318) is pleased to announce that Lufax Holding Ltd (NYSE: LU), an associated company of the Group, has been selected for inclusion in the MSCI China All Shares Index .the inclusion will take effect after market close on February 28, 2022.

The MSCI China All Shares Index is compiled by MSCI Inc., one of the leading providers of research-based indices and analysis in the United States. The index is widely recognized as a benchmark for global institutional investors. The index covers listed companies with good operating performance and development potential and is one of the most commonly used indices by institutional investors. Lufax Holding Ltd’s inclusion in the MSCI China All Shares Index is recognition of the company’s market value, industry standing, overall performance and outlook by global investors. Lufax Holding Ltd is the only ADR (American Depositary Receipt) added in this adjustment round of the MSCI China All Shares Index.

Lufax Holding Ltd is a technology-based personal financial services platform. As an associated company of Ping Anit relies Ping An’s extensive experience in financial services and technology. Lufax Holding Ltd caters to the financing needs of small and micro business owners and provides wealth management solutions to the rapidly growing middle class in China. In the third quarter of 2021, its total revenues increased by 21.8% to reach RMB 15,924 million and the net profit reached 4,115 million RMB. Excluding the impact of a one-time adjustment in September 2020, adjusted net income increased 18.1% year-on-year.

About Ping An Group
Ping An Insurance Company (Group) Chinaltd. (“Ping An“) is a technology-driven global retail financial services group. With more than 225 million retail customers and nearly 634 million internet users, Pingan is one of the largest financial services companies in the world. Pingan focuses on two main business areas, “pan financial assets” and “pan health care”, covering the provision of financial and healthcare services through our integrated financial services platform and ecosystems in financial services, healthcare healthcare, automotive services and smart city services. Our “finance + technology” and “finance + ecosystem” transformation strategies aim to provide customers and Internet users with innovative and simple products and services using technology. The Group is committed to becoming the world leader in integrated financing and health services. Like China first stock insurance company, Pingan is committed to the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchange in hong kong and Shanghai. Pingan ranked 6th in the Forbes Global 2000 list in 2021 and ranked 16th in the Fortune Global 500 list in 2021. Pingan also ranked 49th at WPP Kantar Millward Brown BrandZ 2021MT List of the 100 most valuable global brands.

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SOURCE Ping An Insurance Company (Group) of Chinaltd.


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