Chen Shide

"CITIC Securities benefits a lot from the booming market," said Chen Shide at GF Fund Management in Guangzhou.

Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months.That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index.It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

"My sole criteria for selecting small-cap stocks is stable earnings growth," said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview.
...
"Consumer stocks are a buy this year, with the economy becoming more reliant on domestic spending as the major driver," said Chen.
...
To avoid potential risks, Chen makes an average of 20 company visits a year and diversifies his investments.Chen currently invests in 43 stocks.

"I never invest more than 3 percent of the assets in a single stock, and I pay much heed to corporate governance issues and the integrity of management," said Chen, a basketball fan who earned a master's degree from Guangzhou-based Jinan University in 1994."If you know enough about them, they carry no risks at all."

Chen said he has currently allocated about 40 percent of the fund to consumer stocks.
...
Chen, who worked for GF Securities Co. as a money manager before moving to GF Fund Management in 2002, said he has about 400 stocks on his radar as investment options.
...
For Chen, the most important thing remains picking the right stocks regardless of the market trend.

"For a long time, I have kept 90 percent of my assets in equities," he said.

Chen Shide's Guangfa Small Cap Becomes China's No. 1 Fund on Winemakers
...
Aug. 3 (Bloomberg) -- Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months.That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index.It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

"My sole criteria for selecting small-cap stocks is stable earnings growth,'' said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview.
...
"Consumer stocks are a buy this year, with the economy becoming more reliant on domestic spending as the major driver,'' said Chen.
...
To avoid potential risks, Chen makes an average of 20 company visits a year and diversifies his investments.Chen currently invests in 43 stocks.

"I never invest more than 3 percent of the assets in a single stock, and I pay much heed to corporate governance issues and the integrity of management,'' said Chen, a basketball fan who earned a master's degree from Guangzhou-based Jinan University in 1994."If you know enough about them, they carry no risks at all.''

Chen said he has currently allocated about 40 percent of the fund to consumer stocks.
...
Chen, who worked for GF Securities Co. as a money manager before moving to GF Fund Management in 2002, said he has about 400 stocks on his radar as investment options.

"The most difficult thing facing fund managers is to know about the transparency of small-cap companies,'' said Zhang Xuejun, who manages the $270 million Desheng Small-Cap Fund at Guotai Junan Allianz Fund Management Co. in Shanghai."You need to have good communication with management executives of these companies.'' Zhang's fund has returned 42 over the past year.

A government program to make tradable more than $200 billion of mostly government-held stocks also has helped end a five-year slump that almost halved China's market value.

For Chen, the most important thing remains picking the right stocks regardless of the market trend.

Chen Shide's Guangfa Small Cap Becomes China's No. 1 Fund on Winemakers
...
Aug. 3 (Bloomberg) -- Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months.That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index.It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

"My sole criteria for selecting small-cap stocks is stable earnings growth,'' said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview.
...
"Consumer stocks are a buy this year, with the economy becoming more reliant on domestic spending as the major driver,'' said Chen.
...
To avoid potential risks, Chen makes an average of 20 company visits a year and diversifies his investments.Chen currently invests in 43 stocks.

"I never invest more than 3 percent of the assets in a single stock, and I pay much heed to corporate governance issues and the integrity of management,'' said Chen, a basketball fan who earned a master's degree from Guangzhou-based Jinan University in 1994."If you know enough about them, they carry no risks at all.''

Chen said he has currently allocated about 40 percent of the fund to consumer stocks.
...
Chen, who worked for GF Securities Co. as a money manager before moving to GF Fund Management in 2002, said he has about 400 stocks on his radar as investment options.

"The most difficult thing facing fund managers is to know about the transparency of small-cap companies,'' said Zhang Xuejun, who manages the $270 million Desheng Small-Cap Fund at Guotai Junan Allianz Fund Management Co. in Shanghai."You need to have good communication with management executives of these companies.'' Zhang's fund has returned 42 over the past year.

A government program to make tradable more than $200 billion of mostly government-held stocks also has helped end a five-year slump that almost halved China's market value.

For Chen, the most important thing remains picking the right stocks regardless of the market trend.

Aug. 3 (Bloomberg) -- Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months.That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index.It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

"My sole criteria for selecting small-cap stocks is stable earnings growth,'' said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview.
...
"Consumer stocks are a buy this year, with the economy becoming more reliant on domestic spending as the major driver,'' said Chen.
...
To avoid potential risks, Chen makes an average of 20 company visits a year and diversifies his investments.Chen currently invests in 43 stocks.

"I never invest more than 3 percent of the assets in a single stock, and I pay much heed to corporate governance issues and the integrity of management,'' said Chen, a basketball fan who earned a master's degree from Guangzhou-based Jinan University in 1994."If you know enough about them, they carry no risks at all.''

Chen said he has currently allocated about 40 percent of the fund to consumer stocks.
...
Chen, who worked for GF Securities Co. as a money manager before moving to GF Fund Management in 2002, said he has about 400 stocks on his radar as investment options.

"The most difficult thing facing fund managers is to know about the transparency of small-cap companies,'' said Zhang Xuejun, who manages the $270 million Desheng Small-Cap Fund at Guotai Junan Allianz Fund Management Co. in Shanghai."You need to have good communication with management executives of these companies.'' Zhang's fund has returned 42 over the past year.

A government program to make tradable more than $200 billion of mostly government-held stocks also has helped end a five-year slump that almost halved China's market value.

For Chen, the most important thing remains picking the right stocks regardless of the market trend.

Aug. 3 (Bloomberg) -- Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months.That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index.It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

"My sole criteria for selecting small-cap stocks is stable earnings growth,'' said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview.
...
"Consumer stocks are a buy this year, with the economy becoming more reliant on domestic spending as the major driver,'' said Chen.
...
To avoid potential risks, Chen makes an average of 20 company visits a year and diversifies his investments.Chen currently invests in 43 stocks.

"I never invest more than 3 percent of the assets in a single stock, and I pay much heed to corporate governance issues and the integrity of management,'' said Chen, a basketball fan who earned a master's degree from Guangzhou-based Jinan University in 1994."If you know enough about them, they carry no risks at all.''

Chen said he has currently allocated about 40 percent of the fund to consumer stocks.
...
Chen, who worked for GF Securities Co. as a money manager before moving to GF Fund Management in 2002, said he has about 400 stocks on his radar as investment options.

"The most difficult thing facing fund managers is to know about the transparency of small-cap companies,'' said Zhang Xuejun, who manages the $270 million Desheng Small-Cap Fund at Guotai Junan Allianz Fund Management Co. in Shanghai."You need to have good communication with management executives of these companies.'' Zhang's fund has returned 42 over the past year.

A government program to make tradable more than $200 billion of mostly government-held stocks also has helped end a five-year slump that almost halved China's market value.

For Chen, the most important thing remains picking the right stocks regardless of the market trend.

Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months.That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index.It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

"My sole criteria for selecting small-cap stocks is stable earnings growth," said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview.

"Excessive liquidity has pushed the market to a level that's unsustainable in terms of fundamentals," said Chen Shide of GF Fund Management in Guangzhou, southern China.

Chen Shide is beating all mutual funds investing in China by buying shares of Shanxi Xinghuacun Fen Wine Factory Co. and Yantai Changyu Pioneer Wine Co., which are benefiting from growing personal incomes.

Chen's 1.69 billion yuan ($212 million) Guangfa Small Cap Growth Equity Fund has returned 101 percent over the past 12 months. That is more than double the gain, including reinvested dividends, of the Shanghai Composite Index. It is the top mutual fund among 346 open-end China equity funds that are tracked by Bloomberg.

``My sole criteria for selecting small-cap stocks is stable earnings growth,'' said Chen, 40, a fund manager with GF Fund Management Co. in Guangzhou, in a telephone interview. ``The earnings growth for consumer stocks will be quite sustainable and impressive in the coming couple of years.''
...
``Consumer stocks are a buy this year, with the economy becoming more reliant on domestic spending as the major driver,'' said Chen.
...
To avoid potential risks, Chen makes an average of 20 company visits a year and diversifies his investments. Chen currently invests in 43 stocks.

``I never invest more than 3 percent of the assets in a single stock, and I pay much heed to corporate governance issues and the integrity of management,'' said Chen, a basketball fan who earned a master's degree from Guangzhou-based Jinan University in 1994. ``If you know enough about them, they carry no risks at all.''

Chen said he has currently allocated about 40 percent of the fund to consumer stocks.
...
Chen, who worked for GF Securities Co. as a money manager before moving to GF Fund Management in 2002, said he has about 400 stocks on his radar as investment options.
...
For Chen, the most important thing remains picking the right stocks regardless of the market trend.

``For a long time, I have kept 90 percent of my assets in equities,'' he said. ``The most important thing is to jump on the right stocks.