Chen Liang

CMFM is an active, growth-oriented investment manager that invests in equity, fixed-income and money market instruments. They manage diversified bond and equity portfolios, as well as money market portfolios. The firm's investment process is bottom-up that emphasizes relative value based on earnings and cash-flow growth. Sector allocation is secondary and they conduct research on Chinese equity and bonds.

Caitong FM invests through their funds in a range of instruments including equities, government bonds, financial bonds, central bank bills, corporate bonds, short-term financing bonds, medium-term notes bonds, money market instruments, warrants, asset-backed securities and stock index futures. The firm employs multiple strategies and risk control, aiming to outperform benchmarks such as the CSI 300 index return and the SSE Government Bond Index.