Wealth investment app targets rich Singaporeans

A Ping An Group spinoff has launched an online platform aimed at wealthy Singaporean clients. China’s largest companies are developing business in Southeast Asian and other international markets using cutting-edge technology.

Leading Chinese wealth management group Shanghai Lujiazui International Financial Asset Exchange (Lufax) is owned by Ping An, China’s second-largest insurer.

The Lu Global mobile app is now being opened to Singapore-based clients with a minimum of US$1,000 to invest.

The platform offers 15 wealth management products from global financial institutions such as BlackRock, Pimco, and Schroders and will offer private investment products.

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