Bin Yuan Capital was founded by Ping Zhou and Cicy (Chen) Wu in late 2012 after they left General Electric Asset Management China. Ping has close to 30 years of investment experience, including 17 years with the pension unit of General Electric.
Bin Yuan Capital is an asset management company specialized in investing in Chinese public listed equities based in Shanghai and Hong Kong. We are licensed by the Hong Kong Securities and Futures Commission ("SFC") to carry on regulated activities of Type 9 (asset management) since 17th December 2012 and Type 4 (advising on securities) since 11th March 2016. In 2014, we were registered as an Investment Advisor with the U.S. Securities and Exchange Commission ("SEC") on 17th January. In the same year, we are recognized as the Asset Manager under Asset Management Association of China ("AMAC") in August.
Bin Yuan Capital is a China investment focused manager, with global investment experiences, using fundamental bottom up approach with long term investment horizon. Bin Yuan is running a concentrated and differentiated portfolio, which demonstrates the uniqueness of Bin Yuan’s investment style. The portfolio targets high quality companies that have great potential to grow into dominant leaders in scalable industries. Most of these names are under-discovered and under owned by foreign investors that should deliver excessive capital return against index in the long run. Bin Yuan is the only money manager on the ground incorporating sustainable investing in the investment process. Bin Yuan has been actively engaging with portfolio companies to implement ESG best practices.
05 August 2020 08:45
mallowstreet University Digital Roundtable: All China Strategy Introduction
At this educational Roundtable, we introduce the team from Bin Yuan and hear a review of their investment process and the ESG practices which sit at the heart of what they do.
Ping and Cicy will provide an outlook on China through many lenses, including a comparison of GDP Growth versus the US, an exploration of the change in disposable income and consumption for the individual, and the rise of the Chinese high-end technology sector. Against this backdrop the team will use case study examples to provide a strategy and portfolio review.
This morning session is accredited for CPD points by the Pensions Management Institute (PMI) and is exclusively for pension fund decision makers and their advisers.
Ping, a founding and managing partner, has more than 25 years of investment management experience, including 17 years with General Electric. Following his studies at Northeastern University, Ping joined General Electric in the US in 1997. He initially worked as an analyst for the GE Capital unit before moving to the asset management side, General Electric Asset Management Incorporated, in 1999.
After a successful career in the US, Ping returned to China in 2005 to set-up and lead General Electric Asset Management’s newly created unit in Shanghai.
During his career at General Electric, Ping became a managing director with responsibility for a total of US$ 5 billion assets, including the Emerging Markets Strategy (US$ 3.5 billion in AUM), the China H Share Fund (US$ 470 million in AUM) and the China A Share Fund (US$ 480 million in AUM). Ping managed the China H Share Fund from inception in July 2002 until his departure in 2012. The fund achieved 24% annualized return for the 9 years and was one of the top performing funds in the industry.
Ping founded Bin Yuan Capital in 2012 and launched 2 strategies in 2013 - the Greater China Strategy and the China A strategy. Both strategies have delivered strong performance since then. Bin Yuan Capital has attracted large international institutional investors that include pension funds, insurance companies, foundations and family offices in the United States, Europe and Asia. Assets under management are roughly evenly split over insurance & pensions, family offices and asset & wealth managers.
Ping holds a Bachelor’s Degree from Northeastern University and an MBA from Fairfield University. He is a holder of the Chartered Financial Analyst designation since 2000.
Ping has both Chinese and US citizenship and is fluent in Mandarin and English.
Cicy (Chen) Wu
Cicy is a founding and managing partner of Bin Yuan Capital with more than 10 years of investment experience. Having started her career in 2004 as a corporate finance analyst for various businesses of General Electric, Cicy joined General Electric Asset Management Incorporated in Shanghai in 2006 as a research analyst. In 2011, Cicy became assistant portfolio manager for the China H Share Fund (AUM US$ 470 million) and China A Share Fund (AUM US$ 480 million).
Cicy holds a Bachelor’s Degree from Fudan University in Shanghai. She is also a holder of the Chartered Financial Analyst designation and member of The Association of Chartered Certified Accountants (ACCA).
Cicy is a native of China and is fluent in Mandarin and English.