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China Finance Online has inked a cooperation agreement with the Chinese brokerage firm CITIC Securities to develop intelligent finance technology to empower investment advisory and wealth management services.
The two companies will work together in the area of investment advisory services. Under the agreement, CITIC Securities’ investment advisors will get access to China Finance Online’s proprietary cloud-based software products.
They will join forces to conduct intelligent asset allocation research to improve their wealth management capabilities.
CITIC Securities managing director and the executive director of the market research department Xinli Yu said: “Limited by scale, efficiency and cost, the traditional brokerage and investment advisory services cannot meet the huge and rapid growth of the wealth management needs of more than 100 million Chinese retail investors, who have not access to professional investment advisory services.
“The combination of financial service with artificial intelligence, big data, cloud computing and other technologies, will greatly enhance the investment advisers’ research capacity and service efficiency. We look forward to working with China Finance Online to extend our market leadership.”