Core Insights - The article highlights the growth and strategic evolution of Shanghai Zhengying Asset Management Co., Ltd., emphasizing its expertise in options volatility trading and recent expansion into stock trading through technology and AI integration [3][5][6]. Company Overview - Zhengying Asset was established in 2015 and is recognized as one of the early participants in the on-exchange options market in China [3]. - The company has made significant investments in technology, particularly in financial technology and artificial intelligence, to enhance its trading capabilities [3][6]. - As of August 2025, Zhengying Asset's products have achieved an average return of ***% in the category of private equity with a scale of over 5 billion, ranking in the top 10 for "subjective + quantitative" private equity performance [3]. Development Timeline - 2015: Zhengying Asset was founded. - 2017: Registered with the Asset Management Association of China and began issuing options products. - 2021: Expanded into stock trading and introduced a high-frequency trading team. - 2023: Launched neutral bottom warehouse T0 strategy products. - 2024: Plans to issue index-enhanced bottom warehouse T0 strategy products [5][6]. Core Team - The investment research team consists of 15 members, including 9 investment managers and 6 researchers, with an average industry experience of 9 years [7]. - Team members hail from prestigious institutions such as Fudan University and the University of Toronto, indicating a strong academic background [7]. Competitive Advantages - The company combines subjective and quantitative strategies to better understand the market and manage risks, aiming for sustainable long-term returns for investors [12]. - Emphasizes risk control while pursuing product returns, with a history of low drawdowns [12]. - Continuous development of new strategies and expansion of product capacity [13]. Product Strategy - Utilizes quantitative statistical tools and AI algorithms to identify effective factors in the market, ensuring a balanced portfolio with high coverage of index constituent stocks [18]. - The average number of holdings is approximately 2000, with individual stock weight limited to below 0.75% to maintain diversification and risk control [18]. Performance Recognition - Zhengying Asset has received accolades in various private equity competitions, including first place in market-neutral strategies in the 2022 and 2024 China Securities Investment Fund Association competitions [27].