锚定“颠覆性创新” 做中国资本出海“导航员”

Core Insights - The article highlights the career journey of Wan Chengshui, a seasoned investment manager with over 20 years of experience in domestic and international securities markets, reflecting the evolution of China's asset management industry from "bringing in" to "going out" [1][4] - The company, Jin Yi Fund, has established a unique investment methodology centered on "disruptive innovation" and a disciplined approach to relatively concentrated and long-term holdings [1][5] Company Development - Jin Yi Fund was founded in 2014, focusing initially on the Hong Kong stock market and later expanding to the U.S. tech sector, aiming to serve ultra-high-net-worth individuals in China [2][3] - As of now, Jin Yi Fund manages nearly 2 billion RMB in domestic fund products and has a total asset management scale between 5 billion to 10 billion RMB [3] Investment Philosophy - The investment methodology is based on four pillars: first principles, disruptive innovation theory, comparative advantage theory, and a strategy of relatively concentrated long-term holdings [5][6] - The company emphasizes that investing in stocks equates to investing in businesses, with a focus on companies at the forefront of disruptive innovation and possessing significant competitive advantages [6] Future Outlook - The company plans to evolve its research and investment system from version 1.0 to 2.0, incorporating macroeconomic research and risk management tools like options and futures [7] - The anticipated investment theme for 2026 revolves around artificial intelligence (AI), which is expected to drive market trends in both Chinese and U.S. stock markets [7]