Core Insights - The article emphasizes that technological innovation and industrial upgrading are key drivers of high-quality economic development in China, with the Sci-Tech Innovation Board and the Growth Enterprise Market as primary platforms supporting this innovation [1][3]. Group 1: Investment Strategy - The Guojin Sci-Tech Innovation and Entrepreneurship Quantitative Stock Fund aims to leverage active quantitative investment strategies focused on the "Double Innovation" sector, selecting individual stocks to capitalize on "hard technology" and "new growth" opportunities [1][3]. - The fund invests at least 80% of its non-cash assets in the Sci-Tech Innovation Board and the Growth Enterprise Market, allowing for diversified allocation across sectors and market capitalizations [3][4]. Group 2: Market Characteristics - The "Double Innovation" sector is characterized by high levels of information, specialization, and volatility, making investment challenging; however, it also presents significant growth potential due to high R&D investments driving performance well above market averages [4][5]. - The Wande Double Innovation Index has shown significantly higher returns and risk-adjusted performance metrics compared to mainstream indices like the CSI 300 and the CSI 500 since 2020 [4]. Group 3: Quantitative Investment Approach - The fund employs a systematic model and strict risk control to address the challenges of investing in the "Double Innovation" sector, enhancing the probability of capturing quality growth stocks while minimizing non-systematic risks [5][6]. - Unlike traditional actively managed funds, the quantitative fund relies on model-driven strategies and comprehensive market coverage rather than deep fundamental research [5][6]. Group 4: Team and Technology - The Guojin Fund has a well-established quantitative research team with a strong background in mathematics and investment, having built its quantitative investment framework since 2013 [7]. - The team utilizes a wide range of data sources, including research reports and trading data, to construct dynamic predictive models that identify market opportunities that traditional strategies may overlook [7].

Core Viewpoint - The article emphasizes that technological innovation and industrial upgrading are key drivers of high-quality economic development in China, with the Sci-Tech Innovation Board and the Growth Enterprise Market serving as primary platforms for supporting these initiatives [1] Group 1: Investment Strategy - The Guojin Sci-Tech Innovation and Entrepreneurship Quantitative Stock Fund aims to leverage active quantitative investment strategies focused on the "Double Innovation" sector, selecting individual stocks to capitalize on "hard technology" and "new growth" opportunities [1][2] - The fund will invest at least 80% of its non-cash assets in the Sci-Tech Innovation Board and the Growth Enterprise Market, allowing for diversified allocation across sectors and market capitalizations [2] - The fund's strategy includes a focus on sectors such as semiconductors, innovative pharmaceuticals, and high-end equipment, which are critical for technological breakthroughs [2] Group 2: Performance Metrics - The "Double Innovation" sector has shown significant performance metrics, with the Wind Double Innovation Index demonstrating higher returns, Sharpe ratios, and Calmar ratios compared to mainstream indices like the CSI 300 and CSI 500 since 2020 [2] - Companies within this sector exhibit high R&D investment, leading to performance growth that outpaces market averages, making them key drivers in various market conditions [2] Group 3: Risk and Return Profile - The "Double Innovation" sector is characterized by high growth, volatility, and elasticity, offering a higher cost-performance ratio by accepting controllable, phase-based volatility in exchange for long-term growth potential [3] - This sector is seen as a viable investment choice for those looking to benefit from China's economic transformation and seeking long-term excess returns [3] Group 4: Quantitative Investment Approach - The Guojin fund employs an active quantitative investment strategy, which provides a scientific allocation path for investing in the "Double Innovation" sector, addressing challenges such as information overload and high volatility [4] - Quantitative investment enhances stock selection through systematic models, strict risk control, and aims for smoother long-term excess performance, helping investors share in the sector's growth [4][5] - The fund's approach contrasts with traditional active management by relying on model-driven strategies rather than deep fundamental research [4] Group 5: Team and Technology - The Guojin fund has a strong quantitative team with extensive experience and a solid educational background, having established its quantitative investment framework since 2013 [7] - The team utilizes a wide range of data sources, including research reports and trading data, to build dynamic predictive models and capture market opportunities that traditional strategies may overlook [7] - Future plans include continuous optimization of investment strategies and models to provide high-quality investment tools for investors [7]

Core Insights - The article emphasizes that technological innovation and industrial upgrading are key drivers of high-quality economic development in China, with the Sci-Tech Innovation Board and the Growth Enterprise Market as primary platforms supporting this innovation [1][2] Investment Focus - The newly launched Guojin Sci-Tech Innovation and Entrepreneurship Quantitative Stock Fund aims to leverage active quantitative investment strategies, focusing on "hard technology" and "new growth" sectors to capitalize on economic growth and industrial transformation [1][2] - The fund will invest at least 80% of its non-cash assets in the Sci-Tech Innovation Board and the Growth Enterprise Market, allowing for diversified allocation across sectors and market capitalizations [1][2] Sector Characteristics - The "double innovation" sector is characterized by information explosion, high specialization, and strong volatility, making stock selection challenging due to rapid technological changes and varying company quality [3] - Companies in this sector exhibit high R&D investment, leading to performance growth that significantly outpaces market averages, as evidenced by the Wind Double Innovation Index outperforming major indices like CSI 300 and CSI 500 since 2020 [2][3] Quantitative Investment Strategy - The Guojin fund employs a systematic quantitative investment approach, which includes broad stock selection through technical models, strict risk control, and optimization of portfolios to achieve smoother long-term excess returns [3][4] - Unlike traditional actively managed funds, the quantitative fund relies on model-driven strategies and comprehensive market coverage rather than deep fundamental research [3][4] Team and Technology - Guojin Fund has a strong quantitative research team with extensive experience and a solid mathematical background, having established its quantitative investment framework since 2013 [4][5] - The team utilizes a wide range of data sources, including research reports and trading data, to build dynamic predictive models and enhance strategy effectiveness [4][5]