Artificial intelligence could revolutionise actively managed funds, but it cannot expand until regulators accept them and they build multi-year track records, say advocates.
As Beijing seeks to expand its pension system it will need to find ways to simplify how the system is managed, instead of maintaining the set of watchdogs that currently have a say.
It is one of several new rules outlined in a consultation paper that expands the scope of these products to high-net-worth individuals and could increase competition among private funds.
As part of their new advisory powers, asset managers are looking to provide a broader digital platform to compete with the disrupters.
Although AI is seen as an opportunity to tap new investment and client opportunities, it could also be a minefield if the safeguards are insufficient, a new study suggests.
The FSC exclusively told AsianInvestor that it intends to divide the capital structure of local insurers into two tiers. Analysts believe this will make them more prudent investors.