Reported 9 months ago
Demand for 'Robot Investment Management' has surged along with asset size growth. As of the end of May, 18 industry participants collectively managed nearly 9 billion RMB in assets. The Financial Supervisory Commission is planning to enhance regulatory standards from self-discipline to statutory level, setting two major thresholds for new investment advisers: a 'net worth higher than face value' and an 'operating guarantee of 50 million RMB,' with a one-year grace period. Failure to comply could result in a six-month extension request limitation. The revised regulation aims to promote the development of the automated investment advisory service industry and safeguard investors' rights.
Source: YAHOO