Everbright Technology Releases China's First Quantum Computing Quantitative Strategy Platform
In March 2022, Everbright Technology, Beijing Institute of Quantum Information Science and Beijing Bose Quantum Technology Co., Ltd. jointly released the quantum computing portfolio product - "Tiangong Jingshi Quantum Computing Quantitative Strategy Platform" (hereinafter referred to as "Tiangong Jingshi"). "Tian Gong Jing Shi" was developed under the advice and guidance of Beijing Institute of Quantum. Based on the classic Markowitz portfolio theory, Bose Quantum's Coherent Quantum Computing (CIM) technology was applied to solve the optimization of the portfolio ratio. problems, and applied for corresponding patents and software copyrights. This release marks the first time that the quantum computing quantitative strategy platform has been officially launched in the China's financial industry.
The potential of quantum computing to "solve narrow but critical problems more efficiently than classical computers" was highlighted in a recent report by the World Economic Forum (WEF) and Deloitte on "The Impact of Emerging Technologies on Financial Services". highly recognition. The World Economic Forum believes that "trading strategies, portfolio optimization, asset pricing and risk analysis, etc." will be the main battlefield for quantum computing.
Based on the characteristics of Bose Quantum's Coherent Quantum Computing (CIM), in terms of product functions, "Tiangong Jingshi" not only provides users with quantitative trading strategy suggestions, but also stock investment and trading preferences, stock pool selection and benchmark investment portfolios, Accurate backtest statistics and refined income comparison, transaction and position details display, etc.
When using the "Tiangong Jingshi" platform, users can choose the trading start time, position adjustment cycle, risk aversion preference and different stock pools on "Tiangong Jingshi" according to their own investment habits and investment preferences. "Tiangong Jingshi" uses quantum CIM calculation method, simulated annealing algorithm, and simulated market index method to conduct backtesting, and makes a reasonable and objective evaluation of investment portfolio strategy through horizontal comparison of transaction results and changes in cumulative return curve.
In addition, the "Tian Gong Jing Shi" quantum computing quantitative strategy platform also has the following advantages:
01 Higher portfolio returns
Under the same stock pool and historical data conditions, the quantum CIM calculation method can more accurately find the optimal portfolio strategy than the simulated annealing algorithm. Compared with the optimization algorithms in classical computers, CIM-based coherent quantum computing can better find the global optimal solution instead of falling into the local optimal solution when solving problems of the same complexity.
02 Faster calculation speed
Under the same stock pool and historical data conditions, the quantum CIM calculation method can more accurately find the optimal portfolio strategy than the simulated annealing algorithm. Compared with the optimization algorithms in classical computers, quantum computing can better find the global optimal solution instead of getting stuck in the local optimal solution when solving problems of the same complexity.
03 Higher upper limit of data processing capacity
With the expansion of the stock pool, the amount of data that needs to be processed when the portfolio strategy optimizes the proportion of positions explodes exponentially. When classical computers encounter unsolvable situations, quantum computers provide new possibilities for the platform Provides a more flexible and optional portfolio strategy. In the future, the three parties will continue to further upgrade the "Tian Gong Jing Shi" quantum computing quantitative strategy platform, combining deep learning and quantum computing reinforcement learning to continuously optimize and iterate the stock pool, and will further in-depth cooperation to jointly expand the market and jointly Develop more quantum computing financial application scenarios, continue to solve the computing power needs of the future era of artificial intelligence + big data + Internet of Things as its own responsibility, and continue to innovate with partners to achieve a win-win situation.
About Everbright Technology
Everbright Technology is a first-level wholly-owned subsidiary of China Everbright Group. It is positioned as the basic platform for scientific and technological innovation of Everbright Group. The important mission of the strategic transformation of "ecological". In the new era of quantum computing, Everbright Technology will give full play to the advantages of the Group's full financial license and the combination of industry and finance, face the broad market, carry out innovative cooperation and technology output, and accelerate new technologies such as quantum computing, artificial intelligence, Internet of Things, and blockchain. Application promotion and implementation in the financial field.
About Beijing Institute of Quantum Information Science
Beijing Institute of Quantum Information Science is a new R&D institution initiated by the Beijing Municipal Government and jointly built by many top academic institutions in Beijing. It was established at the end of 2017. Aiming at the national strategic needs, Beijing Institute of Quantum has actively undertaken tasks such as the National Science and Technology Innovation 2030-"Quantum Communication and Quantum Computer" major project, and has produced a number of world-class major original innovation achievements. The system and mechanism will promote the birth of more scientific research results in the Quantum Institute, and promote the transformation and implementation of scientific research results in Beijing's "three cities and one district". At the end of October 2021, Beijing Quantum Institute won the honorary title of "National Advanced Group of Professional and Technical Talents".
About Bose Quantum
Bose Quantum is a high-tech company that continues to focus on coherent quantum computing technology. It was established in November 2020. The founding team is from Stanford, Tsinghua, Chinese Academy of Sciences and other well-known universities. With the mission of developing China's quantum computing technology and occupying the commanding heights of international competition, it is committed to In the research and development of the whole platform of software and hardware of quantum computing, to achieve "redefining AI with quantum", it has been focusing on the application, promotion and implementation of coherent quantum computing technology in financial technology and other fields.
