AI-featured investment risk control app debuts in Shanghai
An investment risk control application has debuted in Shanghai, designed to hedge potential risks for over 150 million individual stock investors in China by using artificial intelligence.
Fuyun Data released the application, “Knowing Risk Early,” which tracks 1.5 billion pieces of information every day, covering over 30,000 information and data sources and 40 million law documents.
It can warn investors of related risk within 30 minutes, based on data analysis and AI, said Huang Jing, president of Fuyun Data.
“China urgently needs risk and data tools to make the market more transparent and fair, with booming trade volume and changing situations like MSCI investment and the coming new technology innovation board,” Huang added.
China has 151 million stock investors, 99 percent of them individuals, all requiring information, data and risk warning, analysts said.
Besides AI-based information integration, Fuyun also has 200 researchers and 600 analysts. Its clients include China Cinda Asset Management, EY and Chow Tai Fook.