Brief News: Lufax appoints new co-CEO and Chief Marketing Officer
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Lufax Holding Ltd. announced the appointment of Ji Xiang as the new co-CEO and Wu Tao as the Chief Marketing Officer, aiming to restore stock trading on the Hong Kong Stock Exchange. The company was suspended from trading in January 2025 due to disagreements with its auditing firm and has now hired Ernst & Young as the new auditing firm. Following the new appointments, Lufax's stock price rose by 11.4%, with a cumulative increase of 30% for the year
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