Chinese investors flock to robo-advisers

Shanghai

TIRED of spending hours at her Beijing bank discussing her finances and a myriad of investment options with her account manager, Lauren Ma turned to Lingji, a phone app that pre-selects a range of assets and trades for her automatically.

Ms Ma recently topped up her initial June investment of 100,000 yuan (S$20,230) with a further 200,000 yuan, encouraged by the convenience and healthy returns.