Core Viewpoint - The article discusses the volatility of the A-share market amid significant changes in global trade and financial landscapes, emphasizing the need for investors to identify high-quality assets that can withstand market fluctuations [2][11]. Group 1: Market Context - The A-share market has experienced increased volatility and rapid sector rotation due to the ongoing U.S.-China trade tensions, with the Shanghai Composite Index attempting to breach the 3400-point mark [2][11]. - The article highlights the importance of understanding market dynamics and the challenges faced by retail investors in navigating these turbulent conditions [11][12]. Group 2: Investment Strategies - Xu Zhimin, the Chief Investment Officer at Zhongtai Securities, has over 20 years of experience and manages over 10 billion yuan, consistently outperforming the CSI 300 index for ten consecutive years [3][15]. - His investment philosophy focuses on identifying high-quality companies, particularly those with strong supply constraints, which he believes are essential for long-term investment value [5][6]. - Xu's approach includes avoiding market emotional influences by not monitoring the market closely and making decisions based on a structured investment framework [6][12]. Group 3: Upcoming Masterclass - Xu will conduct a masterclass titled "Crossing Bull and Bear Markets in Search of Alpha," where he will share his investment principles and experiences, including lessons learned from key investment cases [10][13]. - The masterclass aims to equip participants with practical investment strategies, including the use of a "prohibited list" to mitigate human biases in decision-making [14][17]. - Attendees will also gain insights into Xu's market outlook for the second half of the year and have the opportunity for interactive Q&A [20].

Core Viewpoint - The global trade and financial landscape is undergoing significant changes in 2025, leading to increased volatility in the A-share market, characterized by rapid sector rotations [1] Group 1: Market Dynamics - A-share and Hong Kong stocks have experienced dramatic fluctuations since April due to the impact of the Trump tariff war [1] - On June 6, A-shares attempted to rise above 3400 points after a period of volatility [1] Group 2: Investment Strategies - Xu Zhimin, Chief Investment Officer at Zhongtai Securities, will share his methods for achieving Alpha excess returns during a masterclass on June 21 [1][6] - Xu has over 20 years of experience and manages over 10 billion yuan, consistently outperforming the market for ten consecutive years [1][3] Group 3: Investment Philosophy - Xu focuses on high-quality companies, exemplified by his contrarian investment in oil and gas stocks during a time when the market favored renewable energy [3] - His investment framework is influenced by renowned investors like Buffett and Taleb, emphasizing the importance of companies with supply constraints as indicators of long-term investment value [3][4] Group 4: Decision-Making Approach - Xu avoids making decisions based on market emotions and does not attempt to time the market perfectly, acknowledging the difficulty of "buying low and selling high" [4][6] - He plans to discuss strategies for overcoming human biases in investment decisions during the masterclass [6] Group 5: Future Outlook - Xu will provide insights on the outlook for A-shares and Hong Kong stocks in the second half of the year, along with potential Alpha opportunities [7]