Wave Maker | ICBC Credit Suisse Mother Asia Qian: Writing a new chapter in the public fund industry with youthful research and investment responsibility

A century of the May Fourth Spirit passing on from generation to generation, youth striving forward without wasting the prime years. The May Fourth Spirit embodies the core values of patriotism, progress, democracy, and science, and in the wave of the new era asset management industry, it has become the spiritual coordinate for young public fund practitioners to forge ahead and uphold their mission.

As an important part of the capital market, public funds bear the vital mission of managing assets for clients, wealth management, and serving the real economy. Generations of young fund practitioners guided by the May Fourth Spirit have integrated their ideals and beliefs into investment research practices, rapidly growing into the backbone of the investment community, and practicing their original intention of serving the people through professionalism and responsibility.

According to Mother Yaqian, a young fund manager at ICBC Credit Suisse Fund, the core connotation of the May Fourth Spirit is caring for the country and family, seeking truth, striving for progress, and bravely taking responsibility. This naturally aligns with the mission of the public fund industry. The industry has always adhered to serving the real economy and practicing investment for the people, relying on professional research capabilities to continuously guide social capital into innovative fields supported by national strategies, thereby rewarding investors with industry upgrades and economic development dividends. Meanwhile, research work requires reverence for the market, rigorous pursuit of truth, and exploration of the objective laws of economic operation, which are highly consistent with the core of the May Fourth Spirit that advocates science and pragmatism, becoming the professional creed that public fund practitioners uphold.

As a young professional in the public fund industry, he believes that inheriting the May Fourth Spirit mainly involves cultivating four qualities: a pursuit of truth and pragmatism, diligent learning and thinking, adherence to bottom-line principles, and courage to take responsibility.

“Seeking truth and pragmatism is reflected in deepening fundamental research, thoroughly analyzing corporate financial reports, cross-verifying industry data, not blindly following market sentiment, and not relying on second-hand information; diligent learning and thinking require keeping pace with the times, actively embracing opportunities in emerging industries like artificial intelligence and new energy, breaking cognitive barriers, and broadening research horizons; adhering to bottom-line principles means always remembering the entrusted responsibility, prioritizing the interests of holders, and maintaining industry compliance; courage to take responsibility demonstrates professional resolve—standing firm on value principles during market panic, maintaining rational judgment during market exuberance, and safeguarding long-term returns through cycles.” He further shares insights from his daily work.

“The path of investment research is also a path of practicing the May Fourth Spirit and upholding industry初心.” Mother Yaqian talks about his original intention of deepening his career and shares insights from field research: the market once held inherent biases against traditional manufacturing, categorizing it as a sunset industry lacking growth potential. However, after in-depth field visits, he found that many companies had deeply integrated industrial internet and automation technologies, achieving production efficiency and cost control at world-class levels.

At that moment, he deeply felt the power of “pursuing truth”—market sentiment often deviates from reality, but grounded, in-depth research can uncover undervalued quality assets, protect the wealth of holders, and inject financial “fresh water” into实体企业 that坚持实业. This experience strengthened his professional resolve to focus on public fund research and empower实体经济.

Upholding the May Fourth Spirit of “pursuing truth and progress,” in industry research, he insists on field visits and cross-verification of产业链, abandoning closed-door research to restore the industry’s true face with firsthand information; in target selection, he adheres to scientific principles, building rigorous financial models and valuation systems based on objective data, avoiding subjective guesses; in strategy optimization, he maintains a forward-looking mindset, recognizing the持续变化 of macro environments and产业结构, avoiding rigid investment frameworks, and daring to review, iterate, and否定 past认知, adapting to new market patterns through continuous evolution.

In the face of accelerated industry iteration, responding with the “dare to innovate” spirit of the May Fourth Movement means we cannot rest on past经验, but must dare to break old frameworks, keep pace with the times, and reshape investment frameworks.

Regarding the industry’s rapid iteration and market logic restructuring, Mother Yaqian emphasizes “using the May Fourth Spirit of勇于创新 to break through and reshape research cognition frameworks. Future investments will increasingly focus on areas where底层逻辑 has undergone fundamental反转, yet the market still lingers in旧有偏见.”

Taking周期板块投资 as an example, he points out that in the past, the market often bet on短期供需错配, leading to high volatility and investment difficulty. Recently, under“双碳” constraints and产业转型, supply-side restrictions and demand shifts toward新能源 and high-end制造等新兴产业 have caused持续性超预期的行情. Relying on past经验 risks认知误区.

As a core力量 of the capital market, public funds always integrate serving the real economy into the entire research process. Mother Yaqian combines industry research with ESG development理念,重点布局在“双碳”目标下的绿色能源、高端制造、科技自主可控等国家重点赛道。他深知：每一份深度研报、每一次资产配置决策，既是为了为投资者创造长期稳健回报，也是为了为中国优质实体企业输送金融“活水”，诠释新时代公募人的家国担当。

In fact, youth growth depends on platform empowerment, and team传承 ensures the continuous传承 of the May Fourth Spirit. Mother Yaqian介绍道 that a relaxed, pragmatic discussion atmosphere is a特色 of ICBC Credit Suisse Fund’s research team. Breaking down hierarchy, young researchers with solid logic and data viewpoints can participate in investment discussions and challenge established judgments. The broad platform and tolerant机制 provided by the company give young employees the confidence to尝试 and innovate.

【Message】“The public fund industry has great potential, and the youth力量 is irreplaceable.” He believes that future公募青年 should focus on two aspects: first, expanding认知边界, as the most valuable trait of youth is创造性, daring to突破 existing认知束缚; second,坚守受托底色, maintaining底线 in volatile markets, staying calm amid short-term performance焦虑, and truly acting in the long-term利益 of holders, becoming friends of time.

Text by Xu Nannan, Edited by Xu Nan

(Edited by: Xu Nannan)

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