Tongji University, Shanghai Timeasset Financial Information Service, and the Chinese Academy of Science and Technology Management (CASTM) have teamed up to launch a new robo-adviser lab in China.

The new Tongji University Robo-Advisor Lab will utilise CASTM’s research and academic support along with Timeasset’s technological achievements to develop an industry standard and technology evaluation system and a dynamic monitoring system. The system will be used to assess robo-advisory firms and related industry developments.

The lab will publish industry whitepapers and reports on the robo-advice sector based on the evaluation and monitoring.

In addition, it will also offer system integration services to financial institutions’ customised robo-adviser systems, as well as career and technology training in the robo-advisory space.

Tongji University vice chancellor Wu Zhiqiang will serve as general adviser to the lab. CASTM executive associate dean Huo Jiazhen will serve as the lab’s director, while Timeasset chairman Li Yangang will become its deputy director.

“The Lab will be committed to collaborations with industry players, universities and research organisations in the robo-adviser domain. The Lab’s expert committee will include senior scientific researchers, experts, scholars and executives from the government, universities, financial institutions and tech companies as well as top-level tech professionals from the Chinese robo-adviser sector, with the mission of creating a premier think tank platform in the sector,” Jiazhen noted.

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