Opportunities of China’s Robo-advisor in the Context of Artificial Intelligence and Big Data

The development of artificial intelligence and big data technology has spawned the emergence of robo-advisor. Although prospect of robo-advisor is promising, the development path will be more tortuous. This article analysed the development potential of robo-advisor in China and indicated the shortcomings and barriers by comparing China s largest intelligent investment platform- ‘Machine Gene Investment’ of China Merchant Bank-with the more mature robo-advisor platforms in the United States. It is concluded that robo-advisor has enormous opportunities in China is of no doubt; but to seize opportunities, the robo-advisor still depends on the improvement of capital market in China and the further advancement of artificial intelligent technology. Thanks to the rapid growth of China s wealth management sector, the future of robo-advisor market is promising, but also face some difficulties and challenges. The low-cost strategy of robo-advisor is not a remarkable advantage due to the undeveloped ETFs market in China. However, as the market of asset management products has gradually matured and diversified, and the degree of internationalization of China s financial market has gradually increased, the resolution of the lacking of the investment vehicles is only a matter of time.