(San Francisco) — China’s wealth-management industry is undergoing profound changes, shifting away from short-term, fixed-income products to longer-term, equity-based investment, said Tang Ning, chief executive of Beijing-based fintech conglomerate CreditEase.

FSA joins the robo-advisory discussion by introducing a monthly feature that shows actual portfolio returns of three robo-advisors serving clients in Asia.

Owned by Beijing-based online lender and investment platform CreditEase, Toumi had a track record that many human consultants would envy. Over the past year, it helped 99.6% of its customers achieve positive returns, much higher than the 10% typical of stock-market investors who did not consult the robo-adviser, CreditEase told Caixin.

Ning Tang, CEO and founder of Chinese fintech major Creditease, believes that the current landscape will require players in the finance sector to evolve their approach amid a highly disruptive technology landscape with substantial opportunity.