Robots perform on the stage at Airobot Coffee, a robot-themed café, in Shanghai, May 28, 2016. [Photo/VCG]

Wang An, chief brand officer of Caifupai, belonging to the New York-listed Noah Holdings Ltd, a wealth and asset management services provider, said robo advisers will be key to supplementing traditional wealth management.

Caifupai, which was launched in 2014 by Noah, is a proprietary internet finance platform to provide financial products to aspiring high-net-worth individuals and enterprises in China.

"But it will take some time for the automated wealth management tools to really provide services for individual investors as the country has yet to develop a large database of users of online wealth management tools," Wang said.

"At this time, most Chinese people would be willing to invest in stocks rather than through online asset allocation tools," Wang told stockstar.com.