Tong Xu

Beijing Hezheng Puhui Investment Management Co., Ltd. is an investment management company based in Beijing, China. The company focuses on value investment and combine it with innovation to achieve success in the Chinese stock market. The private company was founded in 2010 and is composed of a team of experienced fund managers with over 12 years of investment management experience. The CEO of the company is Lei Zhao.

Changsheng Fund Management Co., Ltd. (CFM) is an independent Chinese fund management firm which was established in 1999. The firm's shareholders include Guoyuan Securities Co., DBS Asset Management, a wholly-owned subsidiary of Singapore-based DBS Bank, Anhui Provincial Innovation Investment Co. and Anhui Provincial Investment Group Co., both controlled by the Chinese Government. Based in Beijing with an office in Shanghai, CFM manages mutual funds and contributes to the management of the National Social Security Funds. Their clients are domestic retail investors and international institutions. The firm's culture combines Changsheng's local market knowledge and distribution network with DBS Asset Management's investment and risk management experience.