BIN YUAN CHINA INNOVATION FUND
| ISIN | Class | Fx | NAV | Daily % | Date | MTD % | YTD % | LTM | ITD | |
|---|---|---|---|---|---|---|---|---|---|---|
| LU2413982427 | L1 | USD | 65.93 | 2.82% | 03/02/2026 | -1.69% | 3.92% | 24.16% | -34.07% | More Info |
Investment Managers
Ping Zhou, CFA — Chairman & CIO, Founding Partner
Over 30 years of management and investment experience, including 17 years with GE Asset Management where he managed $5 billion in assets across Emerging Markets, China Equity, and China A portfolios. Initiated the GE China Equity Fund in 2002, achieving 22.1% annualized returns over 9 years—one of the top funds in the industry. Founded Bin Yuan Capital in 2012, attracting major international institutions including pension funds, endowments, foundations, and family offices.
Rocky Luo — Partner & Fund Manager
10 years of investment experience with deep expertise in automotive manufacturing, new energy industry chains, transportation, and medical services. Brings extensive industry resources and 7 years of prior industrial experience. MBA from Tongji University.
Warren Chen — Partner & Fund Manager
5+ years of investment experience and 10 years in R&D at GE Global Research Center (U.S.), bringing extensive industrial knowledge and resources in electrical engineering, electronics, machinery, and automation. Bachelor's in Vehicle Engineering from Tongji University; MBA from Fudan University.
Strategy
Launched 2nd February 2026
Investment Thesis: China's AI Deployment Opportunity
As AI moves from innovation to application and commercialization, China represents the second major profit pool in the global artificial intelligence revolution. The fund provides global investors access to China's AI deployment ecosystem—targeting early-cycle technology leaders before they become index-relevant.
"The only way for China to maintain its global manufacturing competitiveness and boost domestic economic growth is to advance its technological capabilities. AI is an important driving force in achieving this goal. China will see the emergence of many globally leading technology companies."
— Ping Zhou, Chairman & CIO, Bin Yuan Capital
China's Structural Advantages in AI Deployment
- 38% of global STEM graduates
- 39% of global AI patent applications
- ~1/8 the cost of U.S. AI model token prices
- Deep manufacturing integration and supply-chain expertise
- Cost-efficient scaling capabilities
- Strong energy infrastructure
Investment Strategy
Concentrated, All-Cap Approach with SMID-Cap Bias
- Approximately 25 holdings
- 71% SMID-cap allocation focusing on under-researched opportunities
- 32% of holdings uncovered by major brokers—early-stage leaders with limited analyst coverage and low foreign ownership
Target Sectors:
- Semiconductors
- AI infrastructure
- Advanced manufacturing
- Enterprise software
- New-energy mobility
Investment Process
Bin Yuan's bottom-up, research-driven approach employs a proprietary score-based screening process supported by proven financial analysis models. The investment team includes former GE engineers, manufacturing specialists, and applied technology experts, enabling detailed value-chain analysis and early identification of bottleneck technologies.
Why This Fund Matters
Global investors currently maintain minimal exposure to China's SMID-cap technology universe, despite the country's leadership in AI patents, talent, and deployment infrastructure. The China Innovation Fund addresses this positioning gap, offering a focused satellite allocation that complements existing large-cap, U.S.-oriented AI exposures.
Risk Management & ESG Integration
Rigorous risk analysis includes diversification, conservative liquidity management, prudent exposure limits, and disciplined loss minimization through stringent loss-cutting practices.
ESG Commitment:
As an early UN PRI signatory among onshore Chinese managers, Bin Yuan has embedded sustainability considerations into its investment process. The fund promotes environmental and social characteristics under Article 8 of the SFDR, integrating sustainability risks and opportunities into all investment decisions while evaluating governance factors.
Investment Manager: Bin Yuan Capital
A Shanghai-based investment management firm combining genuine onshore market access with institutional-quality governance and international standards. Licensed by the Hong Kong Securities and Futures Commission for Asset Management.
- For the purpose of this Compartment, Greater China means People’s Republic of China, Hong Kong, Taiwan and Macao.
- The list of companies excluded by the Norges Bank is available on https://www.nbim.no/en/the-
fund/responsible-investment/ exclusion-of-companies/.
