(Yicai Global) April 28 -- Chinese wealth management platform Lufax Holdings, backed by Ping An Insurance, has received USD1.3 billion in loans from international banks, which is the largest amount so far this year in China, according to the China Securities Journal.

The main lenders include HSBC and Citic Bank, followed by Bank of China, J.P. Morgan Chase, Morgan Stanley, Goldman Sachs, UBS, and Bank of America, while the interest rate is much lower than usual, the Chinese news source reported today, citing an insider.

Editor: Emmi Laine