The Shanghai-based firm had postponed a Hong Kong float in 2018. The Shanghai-based company is currently preparing the confidential filing for the IPO, two sources said. But some mainland media said it is aiming to raise around US$3 billion (HK$23.4 billion). Lufax postponed a Hong Kong float slated for the first half of 2018 amid uncertainty over China's consumer lending regulation. Separately, Chinese dairy maker Shijiazhuang Junlebao Dairy is mulling a listing in Hong Kong or mainland China to raise at least US$700 million.

Source: The Standard July 22, 2020 19:07 UTC