Bailey: I graduated from Yuanpei College of Peking University in 2005 with a bachelor's degree in finance. In 2007, he graduated from Guanghua School of Management, Peking University with a master's degree in finance. From 2007 to 20 1 1, he worked in Bank of Communications Schroeder Fund Management Co., Ltd. and served as a researcher and special account investment manager; 20 1 1- Up to now: managing Honghu Heavy Domain Macro Hedge Fund, investment director, responsible for macro and commodity research.

Liang: Received a doctorate in management from Tsinghua University in 2003; 1999 obtained a master's degree in management from Peking University; 1994 obtained a bachelor's degree in biophysics from Nankai University. On March 4, 20 10, Honghu investment was established as general manager and fund manager. From February to October, 2007, he served as deputy general manager of Shanghai Jinyong Investment Consulting Co., Ltd. and fund manager of Honghu series funds. From April 2002 to June 2007, I served as the fund manager of Hui Ke Fund and Steady Growth Fund of E Fund Management Co., Ltd., and was in charge of the research department.