效率与公平:智能投顾入市的风险防范举措

Efficiency and Fairness:Risk Prevention Measures for Robo-advisors Entering the Market

智能投顾作为一种新兴金融科技,所提供的投资顾问服务具有普遍性、实时性、专业性等特征。在人工智能技术支持下,在线投资顾问平台根据客户资金规模、利益偏好、风险承受能力等状况提供定制化投资组合服务。虽然智能投顾兼具低成本、高效率、技术支撑等优势,但中国现行法规关于智能投顾的规定呈碎片化状态,面对准入规则紊乱、监管方式单一、信义义务难以履行等弊端,有必要结合域外司法实践经验,进一步规范市场准入规则,完善信息披露与算法监管机制,构建分层监管体系,充分发挥智能投顾市场优势。

As an emerging financial technology,robo-advisors provide investment advisory services with the characteristics of universality,real-time and professionalism.With the support of artificial intelligence technology,the online investment advisory platform provides customized investment portfolio services based on the size of client funds,interest preferences,and risk tolerance.Although robo-advisors have the advantages of low cost,high efficiency,and technical support,the current Chinese laws and regulations on robo-advisors are fragmented,in the face of the disadvantages of disordered access rules,single supervision mode and difficult performance of fiduciary obligations,it is necessary to further standardize the market access rules,improve the information disclosure and algorithm supervision mechanism,build a hierarchical supervision system and give full play to the advantages of robo-advisory in the market.