PINTECH launches Chinese robo-advisory platform
PINTECH has announced the launch of XUANJI, its robo-advisory platform for China’s middle-class investors. The platform combines quantitative modeling and machine learning with programme trading which allows investors to customise and automatically rebalance global portfolios with ease. The fintech firm offers an onshore RMB asset version and an offshore USD asset version for end investors, plus a white-labeled B2B version for wealth management platforms, brokers and other financial advisors.

Beijing-based PINTEC Group, an emerging Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform in China that owns subsidiaries including Dumiao, Hongdian Fund, Jimubox and 76hui, today announced the launch of a robo-advisor platform dubbed ‘XUANJI’ for Chinese investors.

The XUANJI product offering includes an offshore USD asset version, and an onshore RMB asset version, both of which aim to provide tailored investment advice to individual investors in China who access Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term markets in the US and China.

The robo advisor solution is also available in a white-labeled version for the company's B2B offering with the platform branded for brokers. The offshore USD asset version provides trading of ETFs on the US stock markets, whereas the onshore RMB versions provides investors access to a diversified basket of Chinese mutual funds via PINTEC’s distribution license for mutual funds.

XUANJI aims to bring professional investment advice to individual investors, and to foster healthy asset allocation strategies.

Zheng Yudong

Source: ixuanji.com

Robo strategies

The robo-advisor offering within the platform uses modern portfolio theory and big data algorithms including Markowitz's Modern Portfolio Theory, and XUANJI's asset allocation solution adds quantitative modeling and machine learning to programmed trading, as explained in an official announcement.

Commenting in a statement, PINTEC Group CEO Allen Dong said: "PINTEC hopes to become the engine that drives China finance into the future, leveraging technology to advance financial services and leveling the playing field."

XUANJI CEO, Zheng Yudong, said in a statement regarding the launch: "XUANJI aims to bring professional investment advice to individual investors, and to foster healthy asset allocation strategies."

Earlier last month, PINTEC Group made a series of appointments including the CEO role that Mr. Yudong assumed for the group's robo investment advisory business.

The news follows after Finance Magnates coverage of Kavout launching its A.I. driven investment platform last week, and after a group of major financial companies in China joined to create a blockchain consortium in Shenzen.