JT: First of all, we disclose all our data sources. This means we can provide real-time updated objective data.ĬG: Only approximately 10% of your data is derived from companies’ self-reporting. So we focus on real-time events by using alternative data such as news, abstracting topics from social media, from government websites, third-party detection agencies and quality-control agencies as well as climate and water usage data. Second, it’s very subjective, particularly for a CSR report as there’s no common standard. It’s only published once a year or quarterly and in the form of a post-event summary. Structured is usually reported in annual reports and corporate social responsibility (CSR), for example, which contain several inherent flaws.įirstly, it’s infrequent. Jason Tu (JT): From the perspective of a technology company, there are two types of data: structured and unstructured. With financial advisors often citing concerns over the potential for ESG products to be mis-sold to them, CEO and co-founder Jason Tu explained further in this interview how MioTech can help asset allocators make informed decisions in China.Ĭhris Georgiou (CG): How does MioTech use artificial intelligence to fill the ESG data gaps in China? Li Ka-shing’s investment company, Horizons Ventures, joined by an undisclosed publicly-listed media company, led a new Series A+ funding round in early January for MioTech, following the previous $7 million funding round in 2017. The China Securities Regulatory Commission (CSRC) has decided to shift from voluntary to mandatory ESG disclosure for all A-share listed companies in 2020, although it remains unclear whether there will be a common taxonomy or unified format for disclosing ESG. It also offers AI-driven screening of prospective wealth management clients for money laundering and other concerns.Ĭurrently, only around 10% of listed companies in China publish sustainability reports. Its algorithm-driven artificial intelligence (AI) and machine learning services tap into databases to spot patterns among the swathes of unstructured data to provide over 120 ESG data points from over 12,000 public sources. The Hong Kong-based fintech conducts ESG analysis through its proprietary shareholding, supply chain and investment knowledge graph, which searches for controversies using alternative sources such as social media and news. With 800,000 private and public Chinese companies covered, one-third of MioTech’s revenues now comes from its environmental, social and governance (ESG)-related business activities such as ESG corporate data and ratings, real-time ESG risk-monitoring as well as portfolio analysis. Hong Kong-based fintech MioTech is using algorithm-driven AI and machine learning to find and provide structure to ESG data in China. ![]() ![]() Please get in touch with Sue Kim at for further clarifications. Changes are made based on our coordination with the local industry players. ![]() In view of the coronavirus disease (COVID-19) outbreak, all event schedules have been moved to a time when we reasonably expect the crisis to be contained.Ĭheck our website for the new dates.Wealth & Society Events (Full Event Diary).
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