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7 - Robo-Advisors

Published online by Cambridge University Press:  01 July 2021

Robin Hui Huang
Affiliation:
The Chinese University of Hong Kong
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Summary

As a form of artificial intelligence in the financial markets, robo-advisory has grown rapidly to provide automated investment services along with human advisors. Automated investment advice firms have brought significant benefits by improving the delivery of high-quality, less-biased financial advice. However, robo-advisors also bring risks due to the high dependence on technology. In the area of robo-advisory services, China has several advantages, such as strong consumer demand and a rapidly rising middle class, as well as disadvantages such as regulatory risks and low-level service quality. The over-demanding and inconsistent entry threshold, insufficient asset management powers of robo-advisors, weak fiduciary duties and inadequate information disclosure duties have hindered the development of robo-advisory services in China. By analysing the overseas experiences and local conditions, this chapter makes relevant suggestions for further improvement of the Chinese regulatory regime.

Type
Chapter
Information
Fintech Regulation in China
Principles, Policies and Practices
, pp. 222 - 256
Publisher: Cambridge University Press
Print publication year: 2021

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  • Robo-Advisors
  • Robin Hui Huang, The Chinese University of Hong Kong
  • Book: Fintech Regulation in China
  • Online publication: 01 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108768962.009
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  • Robo-Advisors
  • Robin Hui Huang, The Chinese University of Hong Kong
  • Book: Fintech Regulation in China
  • Online publication: 01 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108768962.009
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Robo-Advisors
  • Robin Hui Huang, The Chinese University of Hong Kong
  • Book: Fintech Regulation in China
  • Online publication: 01 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108768962.009
Available formats
×