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China fund managers embrace robots as competition intensifies

China fund managers embrace robots as competition intensifies Reuters 1 hour ago © Reuters/JASON LEE Investors check share prices at a brokerage office in Beijing By Samuel Shen and Andrew Galbraith Popular Searches SHANGHAI (Reuters) - Chinese fund managers, grappling with a rapidly-growing list of publicly-traded securities and mountains of data, are rapidly embracing machine learning and other types of artificial intelligence (AI) to boost efficiency and bolster returns. From using computers for analyzing news and research reports and crunching numbers to getting robots to pick stocks, the move comes as foreign players are expanding their footprint in China s $3.4-trillion mutual fund industry.

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