Shanghai Zhiyi Chengxi Asset Management

Founder Zhuo Liwei serves as the sole portfolio manager, directly overseeing all fundamental positioning. He builds the research agenda and retains final authority on all single-name exposures. The firm does not operate a committee-driven model for its core long-only and long-short books.

The firm focuses exclusively on public equities with a multi-strategy overlay: fundamental long-only, long-short, event-driven trades around private placements and convertible bonds, and a systematic factor sleeve. There is no private equity, venture, or real-asset allocation.

Clients include Chinese trust companies, insurance firms, and commercial banks' private-wealth platforms that offer the firm's funds to high-net-worth individuals. The firm also accepts direct subscriptions from qualified investors meeting China's eligible-investor thresholds.

Shanghai Zhiyi Chengxi is registered with the Asset Management Association of China (AMAC) as a private securities investment fund manager. It raises capital through domestic private funds that must be sold only to accredited investors, and it files regular holdings and operational disclosures with AMAC.

The primary investment universe is China A-shares listed in Shanghai and Shenzhen, complemented by Hong Kong-listed equities. The firm also trades US-listed ADRs of Chinese companies on an opportunistic basis.

The firm does not manage dedicated co-investment vehicles. However, its participation in PIPE and convertible-bond transactions often places it alongside other institutional investors in negotiated financings for listed companies.

Total assets under management exceeded RMB 10 billion as of 2021, based on figures reported to fund distributors and regulatory databases tracking private fund managers. The firm does not publish a current AUM figure in real time.