According to the latest news from the Wise Finance APP, on September 30, Lufax Holdings (06623) surged more than 25% in Hong Kong stocks, with a cumulative increase of over 60% from the September low point. In terms of the news, after the special dividend distribution by Lufax Holdings, the proportion of Lufax Holdings' equity indirectly held by Ping An Insurance will rise to 56.82%, making the company a subsidiary of Ping An Insurance and consolidating it into the financial statements.

Some analysts believe that the increase in Ping An Insurance has boosted confidence in Lufax Holdings in the market, and the tender offer price has become a substantial support level.

Fundamentally, research from China International Capital Corporation indicates that Lufax Holdings' risk reduction reform is beginning to show results, with a month-on-month increase in new loan volume, steady progress in the clearance of high-risk assets, and an improving trend in asset quality. Profitability in the medium to short term is still limited by higher provisions under the new model.

According to the research report from HTSC, the company's business resilience has strengthened, and asset quality and loan volume are likely to stabilize. Continued optimization of cost and expenses is expected to drive the company's profit growth, hence maintaining a buy rating.