(Hong Kong, Shanghai, 14 February 2022) Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) is pleased to announce that Lufax Holding Ltd (NYSE: LU), an associate company of the Group, has been selected for inclusion in the MSCI China All Shares Index. The inclusion will take effect after the market close on 28 February 2022.
The MSCI China All Shares Index is compiled by MSCI Inc., a leading provider of research-based indexes and analytics based in the US. The index has been 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. The inclusion of Lufax Holding Ltd in the MSCI China All Shares Index is recognition of the company’s market value, industry position, overall performance and prospects by global investors. Lufax Holding Ltd is the only ADR (American Depositary Receipt) added in this round of adjustment of the MSCI China All Shares Index.
Lufax Holding Ltd is a technology-empowered personal financial services platform. As an associate company of Ping An, it leverages Ping An's extensive experience in financial services and technology. Lufax Holding Ltd serves the financing needs of small and micro business owners and provides wealth management solutions to the fast growing middle class in China. In the third quarter of 2021, its total income increased by 21.8% to RMB15,924 million and net profit reached RMB4,115 million. Excluding the impact of a non-recurring adjustment in September, 2020, the adjusted net profit increased by 18.1% year-on-year.