Relax, robot will invest for you

Tang Ning, CEO of CreditEase Corp, delivers a speech in Beijing, May 29, 2016. [Photo/IC]

Traditionally, it would be difficult for individuals, especially less affluent clients, to seek investment advice from professional wealth management experts, according to Tang.

"The automated wealth management service is a smart and scientific technology on mobile terminals that individual investors could use to invest globally and inexpensively," said Tang.

According to him, the computerized "robo adviser" can assess reports from hundreds of clients a day.

"In traditional wealth management, no more than 10 such reports are assessed by experts a day. Thus, the automated wealth management service will greatly decrease expert fees and increase efficiency," Tang said.

The company is developing big data technology to help evaluate individuals' creditworthiness.

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