Beijing-based PINTEC Group, an rising fintech platform in China that owns subsidiaries together with Dumiao, Hongdian Fund, Jimubox and 76hui, at present introduced the launch of a robo-advisor platform dubbed ‘XUANJI’ for Chinese language traders.
The XUANJI product providing consists of an offshore USD asset model, and an onshore RMB asset model, each of which goal to supply tailor-made funding recommendation to particular person traders in China who entry equities markets within the US and China.
The robo advisor resolution can be obtainable in a white-labeled model for the corporate’s B2B providing with the platform branded for brokers. The offshore USD asset model supplies buying and selling of ETFs on the US inventory markets, whereas the onshore RMB variations supplies traders entry to a diversified basket of Chinese language mutual funds by way of PINTEC’s distribution license for mutual funds.
XUANJI goals to carry skilled funding recommendation to particular person traders, and to foster wholesome asset allocation methods.
The robo-advisor providing inside the platform makes use of trendy portfolio concept and massive knowledge algorithms together with Markowitz’s Trendy Portfolio Principle, and XUANJI’s asset allocation resolution provides quantitative modeling and machine studying to programmed buying and selling, as defined in an official announcement.
Commenting in a press release, PINTEC Group CEO Allen Dong stated: “PINTEC hopes to develop into the engine that drives China finance into the longer term, leveraging expertise to advance monetary providers and leveling the taking part in discipline.”
XUANJI CEO, Zheng Yudong, stated in a press release relating to the launch: “XUANJI goals to carry skilled funding recommendation to particular person traders, and to foster wholesome asset allocation methods.”
Earlier final month, PINTEC Group made a collection of appointments together with the CEO position that Mr. Yudong assumed for the group’s robo funding advisory enterprise.
The information follows after Finance Magnates protection of Kavout launching its A.I. pushed funding platform final week, and after a bunch of main monetary firms in China joined to create a blockchain consortium in Shenzen.