On the afternoon of May 4th, Mr. Wang XiangShen, CEO of Belos Capital (Asia) Ltd., and Mr. Ren Haoxiang, Manager of Belos (Shanghai) Investment Management Ltd. visited private equity FOFEASY, Wu Jingfei, Chairman of Private Equity FOFEASY, and Ni Zhongxin, Chief Data Scientist, Li Yong, chief financial consultant, participated in the conversations. The two sides conducted in-depth discussion on the difficulties and prospects of the development of the data industry.

Company Profile

Belos Capital (Asia) LImited

Belos Capital (Asia) Limited is a leading alternative investment company specializing in non-performing and commercial debts investments in Asia, Australia and New Zealand. Headquartered in Hong Kong, it has worked extensively with major credit bureaus, investment banks, private equity firms, hedge funds and other global partners. Belos Capital (Asia) Ltd. has first-class risk management and investment experience to develop the excellent financial solutions for customers and provide a solid return on investment.

Private Equity FOFEASY

Private Equity FOFEASY is a professional financial data service company created by a group of professionals with cross-border backgrounds such as securities investment, financial statistics and big data technology. FOFEASY has a strong academic background. The company implements the concept of combining industry, education and research, and strives to reduce the information asymmetry between institutional investors and private equity investment companies, and enhance the efficiency of cooperation. They hope to become the most trusted fund information service provider in China.

In order to enhance mutual understanding between the two sides, Mr. Wu Jingfei, the chairman of FOFEASY, gave a brief introduction to the FOFEASY.

FOFEASY has proposed the allocation of assets for institutional investors with "core data" + "system tools" + "supporting services". At present, FOFEASY has built a core database - China Private Equity Investment Fund Database (CHFDB) and China Public Fund Database (CMFDB), product tools - FOF Easy V2.0 and FOF Power, and provides training, consulting, research, fund evaluation, index preparation, conference services and other forms of ancillary services for institutions. FOFEASY CHFDB private equity database currently covers 171,702 private equity product information, and produces a variety of derivative data based on customer business needs, including up to 60 indicator data, 13 strategy indices and so on.

Discussion on the Difficulties and Prospects of the Development of Data Industry

Mr. Wang Xiangshen, Chief Executive Officer of Belos Capital, pointed out that China's financial market is largely asymmetrical. In the current era of big capital management, data is life. It is crucial for financial companies to have access to real and reliable data, and data industry has broad prospects for development.On the basis of ensuring the true and accurate of underlying data, the research and development of standardized products, and making the products as simple and easy to use as possible, will gain a great market advantage.

Mr. Wang Xiangshen, Chief Executive Officer of Belos Capital, pointed out that China's financial market is largely asymmetrical. In the current era of big capital management, data is life. It is crucial for financial companies to have access to real and reliable data, and data industry has broad prospects for development.On the basis of ensuring the true and accurate of underlying data, the research and development of standardized products, and making the products as simple and easy to use as possible, will gain a great market advantage.

Dr. Wu Jingfei, Chairman of FOFEASY pointed out that data is the basis of products, data acquisition is difficult especially for private information that is not regularly disclosed. Therefore, how to ensure the accuracy and authenticity of data collection is the biggest risk concern in the data industry. FOFEASY has always been committed to ensuring the authenticity and accuracy in data collection.

Mr. Ni Zhongxin, chief data scientist of FOFEASY, pointed out that FOFEASY has set up a data quality monitoring system for data collection. First, multi-source collection is carried out in terms of data acquisition methods, and the amount of data is sufficient; secondly, multi-faceted verification, data accuracy verification and data cleansing would be done for the collected data; finally, using the machine learning method for programmatic management to achieve accurate and efficient data cleaning.

Mr. Wang Xiangshen pointed out that in the aspect of data collection, the data asset management system can be set up, which can be carried out according to the following aspects: 1. It is always possible that the labor can be wrong, build a model of machine learning, and automatically collect and filter data; 2. Use the method of sampling survey to carry out secondary verification to improve accuracy; 3. Conduct statistical analysis on the data characteristics of different companies to improve accuracy; 4. Conduct sub-file research.

Mr. Wang Xiangshen pointed out that in order to better serve the FOF organization, in addition to a detailed analysis of the products, the FOF should be implemented to specific fund fund managers. Mr. Wu Jingfei agreed that a specific fund manager evaluation system should be set up to assess the character and performance of specific fund managers.

Dr. Wu also emphasized that as a data service provider, it will be exposed to a lot of undisclosed sensitive data. It should be desensitized and strictly implemented in accordance with the disclosure ordinance. The program fully guarantees compliance and legality is the prerequisite for the healthy development of the data industry.

The development of the data industry should focus on brand building. Wang Xiangshen said that in Hong Kong, the demand for data comes from the brand, and good data brand wins by quality will gain more trust from people. Data service providers should strengthen their own brand building on the basis of excellent product quality and establish a unique brand advantage.

Once again, I would like to thank Mr. Wang Xiangshen, Chief Executive of Belos Capital (Asia) Ltd., and Mr. Ren Yuxiang, Manager of Belos (Shanghai) Investment Management Ltd., for visiting the organization, and looking forward for further exchanges and cooperation between the two parties!