Before 20 1 1, Xiao Feng was the most influential general manager in the fund industry, one of the founders of the top ten established public offering institutions, and the helm of one of the largest fund companies in China. After 20 15, although he is still the chairman of Zheshang Fund, what is most recognized by the industry is the "drums and calls" in cutting-edge technologies such as big data, blockchain and metauniverse.
In Xiao Feng's view, the impact and promotion of science and technology on the asset management industry can be divided into three stages. The first two stages have occurred and achieved fruitful results, and the third stage is taking place and looking forward to infinity.
The first stage is the era of communication technology. With the development of communication technology, the asset management industry has entered the information age. With the opening of the new era, a large number of financial information companies came into being. However, with the development of technology and the progress of the industry, there are few successful people, but they enjoy an unshakable position in the industry.
The second stage is the era of big data analysis. Facing the vast ocean of information, technology has become a weapon to ride the wind and waves. Technology is used as a tool to help the asset management industry, promote the asset management industry to deal with the rapidly changing market efficiently and conveniently, and expand the breadth and explore the depth for investment.
The third stage is the era of cognitive intelligence. Artificial intelligence technology is gradually penetrating into the asset management industry, and the combination of the two is a chemical reaction. However, Feng Xiao said that it is still in a very preliminary stage. "Everyone may have seen the application of artificial intelligence in Go. AlphaGo is invincible in the space of 19* 19. However, investment is ever-changing and crisscross, and artificial intelligence is far from exhausting its changes. However, because there is no end, it is full of expectations. In the future, we may cross that critical point and see the exponential growth of cognitive intelligence applications in the asset management industry. What we have to do now is to wait for the flowers to bloom and wait for the great changes with time and practice. " Feng Xiao said.
Regarding the question in the industry, that is, whether the era of science and technology asset management will become a competition of science and technology, subjective and dynamic wisdom will take a back seat. Xiao Feng's point of view is clear, that is, science and technology will provide support for grass-roots asset management.
With the support of science and technology, fund managers and researchers should devote their limited precious time to learning new knowledge in the industry. At present, the basic work that takes up a lot of their time, such as financial statement modeling, such as various data collection, statistics and calculation in forecasting the future trend of macro, industry and individual stocks, can be handed over to machines to make a lot of time to do valuable work, such as parameter adjustment and premise optimization, to improve investment efficiency with cognitive intelligence. Feng Xiao said. As for investment business, technology can help standardize and diversify. The intelligent investment of "thousands of people and thousands of faces" based on solid logic can only be realized by technology.
"Timely" information data service
Looking back on the creation of Tonglian data, Xiao Feng pointed out that the expectation of Tonglian data at that time was mostly based on the logic of asset management industry, that is, the application scenario of developing information data services, which was the "1.0 era" of Tonglian data.
According to the data, at that time, Tonglian data gathered a group of big coffees with cross backgrounds of asset management and financial technology, but its main line was still biased towards the scene application exploration of the asset management industry.
However, recently, Tonglian Data has started the "2.0 era", that is, on the basis of clear application scenarios, the stage of further upgrading technical capabilities and commercialization promotion. Recently, Tonglian Data completed its first "coaching change" in nine years: Wang Zheng, who is experienced in the global asset management industry, announced his resignation as CEO and was replaced by Long Jiang, former chief scientist of the company and former Microsoft senior technical expert. The former has rich experience in asset management industry in his resume, while the latter has a stronger technical research background.
"The commercialization of front-end technologies, especially in the face of ever-changing cognitive intelligence technologies, technologies and applications, requires both ability and concentration. The' 2.0 era' of Tonglian data requires the management team to have a stronger technical background and further demonstrate the enabling effect and application results of cutting-edge technologies in the asset management industry. The Board of Directors highly recognizes Long Jiang's rich financial technology research and development background, which can help Tonglian Data to go better in the new development stage. " Feng Xiao said.
Xiao Feng believes that the real technological innovation should not be repeated construction and degenerate into "involution", but should be pioneering and innovative, doing incremental work, and making the industry "bigger".
In fact, looking back at the original intention of Tonglian Data, Xiao Feng's business is incremental. "At that time, the industry was very curious about what Tonglian data was going to do. Are you copying other people's business models and development processes? Our attitude is very clear, that is, not to be the' so-and-so second' position in the industry. The development of science and technology has its own laws. Once in the field of forming a pattern, I hope to surpass my opponent and achieve myself through repeated construction. In the final analysis, it is actually the role of' involution', which cannot bring a breeze to the industry pattern. " Feng Xiao said.
Because of this, Feng Xiao and Tonglian Data hope to seize the "blue deep sea" brought by the wave of science and technology.
In addition, the investment in technology empowerment, the personalized demand for products and services, and the strict requirements for data privacy and security cannot be circumvented: how can technology obtain data? How to ensure data security? How to deal with the individual needs of different financial institutions? In this regard, Xiao Feng said that Tonglian Data implements diversified solutions of basic data import +SaaS standard+hybrid cloud customization, and provides different products and services according to the different needs of asset management institutions. "The compliance and security of Unicom data is guaranteed by adopting a hybrid cloud. The data of the asset management institution is in the private cloud, and we will provide the data to the asset management institution, but the data of the other party will not flow back to us. Security and compliance are the foundation of information and data services, and the technologies and methods of data communication have been recognized by all parties in the industry. " Feng Xiao said.