Beijing-based PINTEC Group, an emerging fintech 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 markets in the US and China.

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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.

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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.