A rapidly rising middle class, strong consumer demand and a shift towards investment products outside of deposits all make China an ideal setting for automated investment services (robo-advisers), says data and analytics firm GlobalData.
An analysis of GlobalData’s 2018 Mass Affluent Investors Survey found that over a quarter of the 1,000 respondents in China ranked the statement ‘I can't imagine living without technology’ within their top three, meaning only a few countries in the world place greater importance on technology.
Meanwhile 57.3 percent of Chinese investors state that they are ‘always the firs...