Brief introduction of Mr. Cao Mingchang: China nationality, postgraduate degree, master's degree. He has been a researcher at Jun 'an Securities Company Research Institute, a researcher at Minfa Securities Shanghai R&D Center, an investment manager at Hongta Securities Asset Management Headquarters, a trust manager of Bai Rui Trust Co., Ltd., an assistant to the general manager of Xinhua Fund Management Company and a fund manager. Cao Mingchang's impression to reporters is low-key, insightful, quiet but logical, which may be the distinctive feature of "science and technology man". I majored in mathematics as an undergraduate, which makes Cao Mingchang different from other fund managers in that "everything speaks with data". Cao Mingchang believes that it is very important to "not lose money" in securities investment. He believes that stop loss is a pain that every investor has experienced, and prevention beforehand is far better than compensation afterwards. "I will design a safety margin for the investment target. The first consideration is not whether he will make money, but whether he will lose money. What is the degree of loss? These are all clear, and I will think about how much money he can earn. "
Important events:
Since July 2006 12, he has been the manager of Xinhua Preferred Dividend Fund.
From July 2008 to August 2009, he served as the manager of Xinhua Optimal Growth Fund.
20 10 has been the manager of Xinhua Diamond Quality Fund since February 3rd.
The Xinhua Preferred Bonus Hybrid Securities Investment Fund he was in charge of won the title of "2009 Open Hybrid Taurus Fund" by china securities journal.
It is unlikely that there will be a sharp rise. Future expectations of policies should not be too optimistic, but neither should they be too pessimistic. Judging from the published economic data, the macro economy is still on the normal track, so the policy will not be too loose or too tight, and the future is more likely to be a "structural adjustment" policy.
In the second quarter, cyclical stocks were favored. Considering the possibility of continuous tightening of policies and the rationality of relative valuation, they are more optimistic about the performance of cyclical sectors in the second quarter, among which coal, finance and steel sectors are more popular.