Danish multi-asset service provider Saxo Bank has signed a new white label partnership with Chinese internet finance company Lufax, which is active in the peer-to-peer (P2P) lending business.

Under the partnership, Lufax will leverage the trading technology used for SaxoTraderGO, enabling the bank to provide its client base with a seamless experience across mobile and desktop platforms.

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SaxoTraderGO is an online trading platform that allows users to manage their portfolio from any device. It is the mobile version of the firm’s in-house online trading platform SaxoTrader.

In addition, Lufax’s overseas customers will benefit directly from Saxo’s multi-asset capabilities – through access to global capital markets, incorporating data from both on and offshore products, Saxo Bank said.

Saxo Bank Asia Pacific CEO Adam Reynolds said: "Lufax is a milestone company to commit to providing its clients with a best-in-class trading experience through a white label partnership with Saxo Bank.

"Our second Chinese partnership in a matter of weeks is multi-faceted; highlighting not only our commitment to the empowerment of the region’s investors and position as an enabler of financial market activity in one of the world’s largest markets, but also the strength of our platform and OpenAPI technology – both of which we believe to be integral to the future of trading globally."

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Lufax CEO Gregory Gibb said: "We are delighted to be able to offer an alternative channel of this calibre to our trading community. Saxo Bank is at the forefront of online trading and its expertise will strengthen our ambition to be China’s leading online wealth management provider."

The agreement with Lufax marks Saxo Bank’s second agreement with a Chinese company in just the past few weeks.