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Lufax stock tells what happened in China in the past 3 years — macro weakness, Covid downturn, geopolitics uncertainty, and regulatory tightening on the fintech industry — a fatal blow to profitability in 2023E,
Yu said in a note to clients ThursdayChina's financial industry is operating smoothly on the whole, with risks generally controllable. The country is full qualified, confident and capable of firmly maintaining the bottom line of no systemic financial risk,
he said
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