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The Promises and Pitfalls of WealthTech: Evidence from Online Marketplace Lending

For decades, wealth management industry stayed in its comfort zone, charging high fees for providing advice to a small group of high-net-worth clients. The rise of WealthTech (WT), or digital solutions that aim to enhance the wealth-management process, has changed this landscape. WT hold the promises to "democratize the financial service", by serving the underserved market segments with affordable, accessible, instant, and seamless wealth management services. Critics, on the other hand, argue that because people design, model and market WT algorithms, it would be naïve to assume that all WTs are well-designed with competency and integrity. In this webinar, Prof. Haitian Lu will share with you his latest research on the promises and pitfalls of WealthTech, and its impact on consumer welfare and financial markets.

Panelist discussants include Bénédicte Nolens, Head of BIS Innovation Hub Center in Hong Kong and former head of Risk and Strategy of the Hong Kong Securities and Futures Commission; Michelle Li, CEO of the AMTD Digital; and Jack Poon, Professor of Practice of the Hong Kong Polytechnic University.

Date: 9 October 2020 (Friday)
Time: 12:30 - 2:00 p.m. (Click here to check your local time.)
Keynote Speaker:

Prof. Haitian Lu
Director, Chinese Mainland Affairs Office
Professor in Law and Finance, Faculty of Business
The Hong Kong Polytechnic University

Panelists:

Ms Bénédicte Nolens
Head of BIS Innovation Hub Hong Kong Centre
Bank for International Settlements – BIS

Ms Michelle Li
CEO, AMTD Digital

Mr Jack Poon
Professor of Practice, Faculty of Business
The Hong Kong Polytechnic University

Moderator:

Dr Steven Wei
Deputy Director, AMTD FinTech Centre of PolyU Faculty of Business
Associate Professor, Faculty of Business
The Hong Kong Polytechnic University

Language: English
Platform: Zoom (Click here for instructions on how to join the forum.)

 

12:30 – 12:35 pm

Welcoming remarks

Dr Xu Xin
Director, Faculty of Business Digital Transformation Centre
Associate Dean (External Relations and Development), Faculty of Business
The Hong Kong Polytechnic University

12:35 – 1:15 pm

Presentation on "The Promises and Pitfalls of WealthTech: Evidence from Online Marketplace Lending"

Prof. Haitian Lu
Director, Chinese Mainland Affairs Office
Professor in Law and Finance, Faculty of Business
The Hong Kong Polytechnic University

1:15 – 1:40 pm

Panel Discussion

Panelists:
Ms Bénédicte Nolens
Head of BIS Innovation Hub Hong Kong Centre
Bank for International Settlements – BIS

Ms Michelle Li
CEO, AMTD Digital

Mr Jack Poon
Professor of Practice, Faculty of Business
The Hong Kong Polytechnic University

Moderator:
Dr Steven Wei
Deputy Director, AMTD FinTech Centre of PolyU Faculty of Business
Associate Professor, Faculty of Business
The Hong Kong Polytechnic University

1:40 – 2:00 pm Q&A Session

 

Welcoming Remarks
Dr Xu Xin

Dr Xu Xin  [biography]
Director, Faculty of Business Digital Transformation Centre
Associate Dean (External Relations and Development), Faculty of Business
The Hong Kong Polytechnic University

Presentation on "The Promises and Pitfalls of WealthTech: Evidence from Online Marketplace Lending"
Prof Haitian Lu

Prof. Haitian Lu  [biography]
Director, Chinese Mainland Affairs Office
Professor in Law and Finance, Faculty of Business
The Hong Kong Polytechnic University

Panel Discussion
Ms Benedicte Nolens

Ms Bénédicte Nolens  [biography]
Head of BIS Innovation Hub Hong Kong Centre
Bank for International Settlements – BIS

Ms Michelle Li

Ms Michelle Li
CEO, AMTD Digital

Mr Jack Poon

Mr Jack Poon  [biography]
Professor of Practice, Faculty of Business
The Hong Kong Polytechnic University

Dr Steven Wei

Moderator
Dr Steven Wei  
[biography]
Deputy Director, AMTD FinTech Centre of PolyU Faculty of Business
Associate Professor, Faculty of Business
The Hong Kong Polytechnic University

Organizers:
Organizers

Enquiries:

Ms Prisca Chu
Tel: (852) 3400 3413
Email: prisca.chu@polyu.edu.hk