Market Access Research For Robo-advisors

With the powerful advantages of data and technology,financial technology is quietly becoming the mainstream trend in the capital industry.While fintech uses technology to promote the development of the capital market,on the one hand,it improves the efficiency of practitioners,but on the other hand,it also faces the huge risk of financial supervision loopholes and escaping from the existing supervision system.As a product of the combination of finance and technology,robo-advising was officially introduced to China in 2015.After several years of development,it is now flourishing.With artificial intelligence as the core,robo-advisors are innovative products under the application of science and technology,but their essence still cannot escape the scope of financial activities.Relevant regulatory authorities should be alert to possible problems in the operation process and strive to balance them well.The relationship between risk and regulation.Faced with the current situation of intelligent investment advisory,market access supervision stands out,because it can not only regulate the market participation entity from the source,clarify the guidelines for intelligent investment advisory trading,guide the future trend of relevant markets,and to a certain extent to access supervision supervision to a certain extent It can effectively regulate the intelligent investment advisory industry so that it can develop in a healthy and orderly direction;it is also the condition guarantee for the intelligent investment advisory platform to provide services to investors.It is the primary prerequisite for preventing investment risks.Regulatory supervision will help reduce a series of risk issues brought by unqualified intelligent investment advisory platforms.As an exotic product,in the course of my country’s development,in terms of market access,facing different entry supervision subjects,gaps in supervision and supervision,the conflict of the entry license system and the current license,prohibiting agent financial management and actual business The compliance problems of the pattern conflict and the lack of the lack of core algorithm access standards.As a product brought by new technologies,if a complete admission system is lacking for reasonable regulation,it will reduce the enthusiasm of the intelligent investment advisor to release vitality.Similar to P2 P,intelligent investment advisors lack a bottom-up adaptation stage,and it is facing the absence of ambiguous attribute positioning and corresponding supervision standards.Essence If the construction of its admission system is ignored and appointed the free development of intelligent investment advisors,it may not only make the intelligent investment advisor repeat the mistakes of equity crowdfunding,P2 P,etc.,but also seriously damage investors’ enthusiasm for innovation and development.At present,the state’s regulatory policy for the financial industry is becoming more and more stringent.In order to properly solve the problem of intelligent investment advisory,we should first be established on the basis of security,fairness,and moderate principles.By combing the legal norms associated with the intelligent investment advisor,analyze the status and legislative characteristics of legislation,and then learn from the arrangements of the relevant access system outside the domain country,and learn about the mature and foreign countries of intelligent investment advisory.The main body,complete intelligent investment advisory platform access,and the standards of product core algorithm access to admission regulations,and after refining the experience that my country can learn from and combined with the actual development of my country’s intelligent investment advisory,the access regulations are proposed Suggest.The first is to build a diversified regulatory entity access supervision system,led by collaborative supervision and penetrating supervision.At the same time,industry self-discipline organizations are established to play a collaborative supervision role.Second On the one hand,it should be clear about the legal attributes of the comprehensive business of intelligent investment advisory,on the other hand,gradually restore and standardize the issuance of the financial market license and let go of the restrictions of the financial management management;After the above conditions,the pre-test of the intelligent investment advisory supervision of the sandbox is permitted to the admission operators who pass the test.