--- title: "Mobile App \"Lu Hong Kong\" Pioneers a New Model of Local Online Wealth Management" locale: "en" language: "en-HK" published: "2020-08-20T13:01:57+08:00" updated: "2026-03-17T23:02:05.761Z" canonical: "https://accordhk.com/blog/mobile-app-lu-hong-kong-pioneers-a-new-model-of-local-online-wealth-management-89" --- # Mobile App "Lu Hong Kong" Pioneers a New Model of Local Online Wealth Management Lufax HK has officially launched the mobile app "Lu Hong Kong", providing Hong Kong users with 24/7 intelligent, comprehensive online wealth management, with selected HKD fund products and the "LU Wallet" idle-cash service. ## In brief Lufax HK, a subsidiary of Lufax Holding, launched the "Lu Hong Kong" app in August 2020 for 24/7 online wealth management. It offers selected HKD funds, account opening in as little as three minutes, and "LU Wallet" (T+0, from HK$1, no cap), with trading fees waived for a limited time at launch. Lufax HK holds SFC Type 1, 4 and 9 licences. Lufax Holding's subsidiary Lu International (Hong Kong) Limited ("Lufax HK") has officially launched the mobile app "[Lu Hong Kong]()", offering Hong Kong users an intelligent, comprehensive online wealth management service available 24/7. Lufax Holding is a well-known fintech company that has focused on online wealth management services throughout nearly 10 years of development. Seeing that demand for online investment and wealth management continued to rise during the pandemic, it has launched its services in the Hong Kong market at an opportune time. Lufax HK works with globally renowned asset managers to select quality fund products. Customers can now use the "Lu Hong Kong" mobile app to invest in selected HKD fund products covering major global markets and asset classes, and to access a wealth of market information and shared investment views. "[Lu Hong Kong]()" offers a range of fintech advantages that support asset allocation and growth without leaving home during the pandemic, including a fully online account-opening process that can be completed in as little as three minutes, and online customer service that provides clear guidance and assistance. In addition, "Lu Hong Kong" applies multiple fintech capabilities at every stage, such as using an investment preference questionnaire to understand and identify users' investment risk preferences, using big data to screen and recommend fund products, and supporting a personalized, intelligent marketing system, while keeping user data strictly confidential and controlled. Lufax HK holds Type 1, 4 and 9 licences issued by the Hong Kong Securities and Futures Commission (SFC) and is regulated by it (CE No.: BIN669). Leveraging its brand, technology and platform strengths, "Lu Hong Kong" hopes to serve customers in a more professional and more intelligent way. Its specially designed "LU Wallet" service upgrades an ordinary money market fund into an intelligent idle-cash management service. "[LU Wallet]()" offers T+0 flexible subscription and redemption, a minimum investment of HK$1, and no investment cap. With the customer's authorisation, cash balances can be automatically transferred into a money market fund so that no daily returns are missed, and can still be used at any time, including subscribing directly with "LU Wallet" to other investment and wealth management products on the platform. "Like a smart wallet that knows how to grow itself", "[LU Wallet]()" wealth management can cover every Hong Kong dollar of assets and a variety of needs, truly achieving "zero threshold, no cap, and flexible wealth creation". During the initial launch period, transaction fees on all products on the "Lu Hong Kong" platform are fully waived for a limited time, and generous welcome rewards are offered to Hong Kong users. **Lufax HK****CEO****Mr. Cai Hua** said: "We hope to use our fintech strengths to bring Hong Kong users more convenient, richer and smarter wealth management services. Beyond replacing manual services such as front-line sales with intelligent systems, we are also using technology to raise the efficiency of every part of our middle- and back-office operating systems to the highest level. Our technology advantage enables Lu Hong Kong to serve local customers at attractive prices over the long term." This year, the global COVID-19 pandemic has sharply increased demand for online wealth management services, and the digitalisation and intelligent transformation of the entire financial industry, including wealth management, is accelerating. Hong Kong is one of the world's most important financial centres, and according to an SFC report, the total assets of Hong Kong's wealth management industry reached HK$7.62 trillion at the end of 2018. Mr. Cai Hua added: "Hong Kong is at the forefront of international financial markets in the maturity of its regulatory framework, the soundness of its public trading markets and the richness of its financial products. We hope to combine our fintech strengths with Hong Kong's overall market strengths to provide transparent, efficient, professional and diverse online wealth management services." Original article: https://bit.ly/3iVsuaW ## Frequently asked questions ### What is the "Lu Hong Kong" app? It is a mobile app launched by Lufax HK, a subsidiary of Lufax Holding, offering Hong Kong users an intelligent, comprehensive online wealth management service available 24/7. Customers can invest in selected HKD fund products through it. ### How quickly can I open an account on "Lu Hong Kong"? According to the article, the fully online account-opening process can be completed in as little as three minutes. Online customer service also provides clear guidance and assistance. ### What are the features of LU Wallet? LU Wallet upgrades an ordinary money market fund into an intelligent idle-cash management service. It offers T+0 flexible subscription and redemption, a minimum investment of HK$1 and no investment cap, and cash balances can be used at any time, including to subscribe to other products on the platform. ### Is Lufax HK regulated? Yes. Lufax HK holds Type 1, 4 and 9 licences issued by the Hong Kong Securities and Futures Commission and is regulated by it (CE No.: BIN669). ### Are there any fees or rewards when the platform launched? During the initial launch period, transaction fees on all products on the platform are fully waived for a limited time, and generous welcome rewards are offered to Hong Kong users.