Vanguard and Ant Financial Services Group have partnered to bring a broadly-available investment advisory service to retail consumers in China.
Ant Financial Services Group is the operator of the payment and lifestyle platform Alipay, and via this partnership, Alipay’s tech will be combined with Vanguard’s expertise in investment management and advisory service. The companies’ joint venture will provide a fund investment advisory service, as approved by the China Securities Regulatory Commission (CSRC) to Chinese individual investors.
Investors will be provided with customised services based on their investment objectives, time horizon, and risk preferences, with minimum investments of approximately USD 113 and accessible through Alipay app.
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