Lufax Holding Ltd. (LU) saw a 5.68% increase in stock price on Thursday, marking its fourth consecutive day of gains. Investor confidence was boosted by the company’s asset sale strategy to offload non-performing loans, including a recent transfer of 469 million yuan in debts for 36.44 million yuan.

The strategic move to sell non-performing debts has helped Lufax Holding Ltd. (LU) reduce its credit risk, with total outstanding loans decreasing by 18% this year to 193.4 billion yuan. The company’s focus on managing its loan portfolio has contributed to its recent stock performance and investor sentiment.

Despite its positive performance, Lufax Holding Ltd. (LU) faces regulatory issues that have led to the suspension of its trading on the Hong Kong Stock Exchange. While LU holds promise as an investment, some AI stocks may offer higher returns with limited downside risk, making them potentially more attractive options for investors.

Read more at Yahoo Finance: Lufax Holding (LU) Up on 4th Day After NPL Sale Strategy