Group 1 - The core viewpoint of the article highlights the exceptional performance of Wang Peng, a seasoned fund manager at Guotai Junan, who has significantly outperformed benchmarks over the past decade, particularly in the context of the new regulatory framework for public funds in China [2][5][12] - The China Securities Regulatory Commission (CSRC) has introduced a new action plan aimed at enhancing the performance benchmarks for public funds, indicating a shift away from guaranteed returns in the fund industry [2][5] - Wang Peng has managed the Guotai Junan New Silk Road fund since April 2015, achieving a return of 99.42% as of March 31, 2025, compared to a benchmark growth of only 5.59%, resulting in an excess return of 93.83% [2][5][15] Group 2 - Wang Peng's investment philosophy emphasizes independent thinking, probabilistic reasoning, contrarian courage, and forward-looking vision, focusing on identifying undervalued stocks and constructing a balanced portfolio to minimize risks while pursuing long-term excess returns [7][11] - Since 2017, Wang has de-emphasized market timing, maintaining a high equity position (over 90%) in the Guotai Junan New Silk Road fund, which allows for a deeper focus on industry and company research [8][10] - The fund's strategy includes a diversified selection of stocks, targeting undervalued companies, high-quality stocks, and technology stocks, with a focus on long-term holding and strategic exits based on market conditions [11][12] Group 3 - Wang Peng's recent investment strategy includes a focus on the healthcare and technology sectors, aligning with the broader market consensus that anticipates a favorable equity market in the coming year [13][12] - The article notes that the revaluation of Chinese technology assets is creating new investment opportunities, with indices related to robotics, internet, and software outperforming the market [12][13] - Wang's approach is characterized by a commitment to thorough research and a long-term perspective, aiming to create value for investors through a mature investment system and proactive market engagement [13][12]