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Lingjun Investment
Lingjun Investment (Lingjun; ) is a hedge fund management firm founded in 2014 that is headquartered in Beijing. It is one of the largest quantitative funds in China. Background Lingjun was founded in June 2014 by Cai Meijie who had previously worked at China International Capital Corporation and Penghua Fund Management. Its Chief investment officer, Ma Zhiyu, had previously worked at Millennium Management, LLC. According to the Asset Management Association of China website, the main owner of Lingjun is Cai Jianliang. However, Cai does not hold a position within the firm nor is his profile mentioned. Ma is also another owner via ownership of the investment companies that own Lingjun's equity. On 20 February 2024, the Shanghai and Shenzhen stock exchanges announced that Linjun was banned from buying and selling shares for three days. This came as a result of Lingjun selling 2.57 billion yuan ($360 million) worth shares within a minute between 9:30 a.m. and 9:31 a. ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Shares
In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Valuation Shares are valued according to the various principles in different markets, b ...
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Financial Services Companies Established In 2014
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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Companies Based In Beijing
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "arti ...
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Chinese Companies Established In 2014
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese ...
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Hedge Fund Industry In China
The hedge fund industry in China was established in the early 1990s, and has so far undergone four stages: infancy, formation, rapid expansion, and adjustment and standardization. Categories Currently hedge funds in China fall into two categories. One is those companies backed up by the government, including brokers managing pooled property, trust and investment companies' trust and investment projects, and investment companies managing their own capital. The other is private hedge funds. Under the name of "Investment Consulting Company" or "Investment Management Company", they provide management for pooled property. Economic growth trend Against the background of China's fast growing economy, the number of hedge fund investors is increasing rapidly in the country, and the total amount of their wealth is increasing in step. By the end of June 2008, China's residents had RMB 19,460bn ($2,820bn) in bank deposits, of which 80% was in the name of 20% of the population. With such a ...
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Minghong Investment
Minghong Investment (Minghong; ) is a hedge fund management firm founded in 2014 that is headquartered in Shanghai. It is one of the largest quantitative funds in China. Background In 2014, Minghong was founded by Qiu Huiming. Qiu holds a PhD in physics from the University of Pennsylvania and had previously worked in the U.S. for firms such as Millennium Management, LLC before returning to China to set up his own firm. Minghong did not immediately take off and for years was not one of the largest quantitative funds in China. In 2018, Jie Huanyu joined Minghong as investment director as well as shareholder where he obtained 30% of shares in Minghong. Jie previously worked as a quantitative researcher at Citadel Securities. During 2018, Minghong doubled its assets under management (AUM) after it moved to a medium-to-high frequency statistical arbitrage strategy that boosted excess returns by as much as 20 percentage points annually. In March 2019, Minghong expanded oversea ...
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Ubiquant
Ubiquant () is a Beijing-based hedge fund management firm founded in 2012. It is one of the largest quantitative funds in China. Background Ubiquant was founded in 2012 by Wang Chen and Yao Qicong, former WorldQuant researchers. When Ubiquant first started it was mainly a self-operated commodity trading advisor. In 2014, Ubiquant completed its registration with the Asset Management Association of China. In 2016, Ubiquant launched its full asset management business which featured a wider product line including enhanced indexing and quantitative long/short equity strategies. In 2018, Ubiquant started moving toward using artificial intelligence (AI) methods under big data to drive transactions. From 2019 to early 2020, Ubiquant established its own AI laboratory called AI LAB and built a technical team to research the use of AI to come up with new trading strategies and products. It has also built a data laboratory. In November 2021, a SFC regulated subsidiary named Ubiqu ...
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High-Flyer
High-Flyer () is a Chinese hedge fund company incorporated in February 2016. Its legal registration address is in Ningbo, Zhejiang, and its main office location is in Hangzhou, Zhejiang. It is the founder and backer of AI firm DeepSeek. History High-Flyer was founded in February 2016 by Liang Wenfeng and two of his classmates from Zhejiang University. They generated ideas of algorithmic trading as students during the 2007–2008 financial crisis. The company has two AMAC regulated subsidiaries, Zhejiang High-Flyer Asset Management Co., Ltd. and Ningbo High-Flyer Quant Investment Management Partnership LLP which were established in 2015 and 2016 respectively. The two subsidiaries have over 450 investment products. In 2016, High-Flyer experimented with a multi-factor price-volume based model to take stock positions, began testing in trading the following year and then more broadly adopted machine learning-based strategies. In 2019, High-Flyer set up a SFC-regulated subsi ...
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CSI 300 Index
The CSI 300 () is a capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes: the CSI 100 Index and the CSI 200 Index. Over the years, it has been deemed the Chinese counterpart of the S&P 500 index and a better gauge of the Chinese stock market than the more traditional SSE Composite Index. The index is compiled by the China Securities Index Company, Ltd. It has been calculated since April 8, 2005. Its value is normalized relative to a base of 1000 on December 31, 2004. It is considered to be a blue chip index for Mainland China stock exchanges. Annual Returns The following table shows the annual development of the CSI 300 Index since 2005. Constituents Sub-Indices Moreover, there are the following ten sub-indices, which reflect specific sectors: * CSI 300 Energy Index * CSI 300 Materials Index * CSI 300 Industrials Index ...
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Bullish
Market sentiment, also known as investor attention, is the general prevailing attitude of investors as to anticipated price development in a market. This attitude is the accumulation of a variety of fundamental and technical factors, including price history, economic reports, seasonal factors, and national and world events. If investors expect upward price movement in the stock market, the sentiment is said to be ''bullish''. On the contrary, if the market sentiment is ''bearish'', most investors expect downward price movement. Market participants who maintain a static sentiment, regardless of market conditions, are described as ''permabulls'' and ''permabears'' respectively. Market sentiment is usually considered as a contrarian indicator: what most people expect is a good thing to bet against. Market sentiment is used because it is believed to be a good predictor of market moves, especially when it is more extreme. Very bearish sentiment is usually followed by the market going ...
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