Core Viewpoint - The article discusses the establishment of Shanghai Ruicheng Private Equity by Ding Luming, a prominent analyst with 16 years of experience in sell-side research, emphasizing a unique investment philosophy based on the "Kondratiev Wave" theory and a commitment to achieving sustainable excess returns for investors [2][4][5]. Group 1: Company Overview - Shanghai Ruicheng Private Equity aims to create a "Chinese version of Bridgewater," focusing on a differentiated path that prioritizes unique asset allocation strategies based on the Kondratiev cycle rather than blindly pursuing scale [5][10]. - The firm has successfully registered its products and is positioned to leverage Ding Luming's extensive experience in sell-side research to directly benefit investors [6][19]. Group 2: Investment Philosophy - The investment philosophy is rooted in the belief that the period before 2025 will be characterized by a long-term bearish outlook, while the period after 2025 is expected to shift towards a bullish perspective [6][25]. - Ding Luming's strategy combines traditional asset allocation with modern quantitative investment techniques, aiming to create products that investors can hold for the long term [8][9]. Group 3: Performance Metrics - Ding Luming's personal trading account reportedly achieved an excess return of ***% from January to July this year, with the excess return exceeding ***% in August [5][19]. - The strategy employed by Ruicheng has demonstrated significant performance, with a simulated annualized excess return of ***% over the CSI 300 index from 2017 to 2024 [5][19]. Group 4: Market Outlook - The firm anticipates a significant transformation in the A-share market over the next 30 years, driven by China's rise as a global leader in technology and economic sectors [25]. - The expected ranking of asset classes for the next 6-12 months is equities > bonds > commodities, with technology sectors identified as having the highest potential returns [24][25].