摘要
Abstract
The robo-advisor excels at simplifying operation and improving investment efficiency. It has been favored by investors across the world since its debut. The current models of robo-advisor in China include the mainstream model emulating Betterment, the asset allocation model and the securities investment model. As an imported and innovative product, the robo-advisor poses challenges to the existing legal regime in terms of market access, account discretion, strict liability for robot, and the fiduciary duty of investment advisor. China's regulation on robo-advisor should pursue an inclusive strategy, which pivots in the reform of securities investment advisor system and stresses on the fiduciary relationship and information disclosure, with a goal to align the fast-changing financial technology and financial regulation.关键词
智能投顾/全权委托/信义义务/投资者保护Key words
robo-advisor/discretionary account/fiduciary duty/investor protection分类
社会科学
