Est. 2018 · Hong Kong
A Leading Multi-Strats Asset Management Platform
$3B+
Total AUM
Assets Under Management
350+
In Global IPOs
Cornerstone Investments
40+
Active LP Globally
Fund Investments
2018
Hong Kong
Founded
About Us
Founded in 2018, AP Asset Management is an asset management platform which invests in both primary and secondary markets. Mainly funded by several families of A-share listed companies, the total AUM has exceeded $3 billion USD .
AP Asset Management has participated in over 350 cornerstone or anchor investments in global IPOs. Additionally, AP Asset Management is active in block trades, A-share and H-share private placements, GDR and SPAC investments globally.
Aside from direct investment, AP Asset Management is also an active LP investor of more than 40 funds globally . The investment is characterized by in-depth fundamental analysis and a keen awareness of dynamic market conditions.
Core Principles of Investment
01
The team comprises distinguished alumni from globally renowned universities, each possessing expertise in diverse disciplines. Each team leader brings a wealth of experience in effectively managing substantial capital through a combination of meticulous bottom-up analysis and comprehensive macroeconomic strategies.
02
By employing comprehensive financial analysis and rigorous due diligence procedures, AP Asset Management thoroughly evaluates the risks associated with potential investments. Through ongoing evaluation of asset configurations and strategic realignment in response to changing market conditions, we actively mitigate overall exposure.
03
Through rigorous testing and continuous iteration across multiple market cycles, our strategies have consistently delivered robust and lucrative risk-adjusted returns (RAR) through quantitative, long-short, and other sophisticated approaches.
04
Leveraging its extensive industrial resources and the synergistic capacity of integrating industry as well as investment, AP Asset Management empowers its portfolio companies by providing exceptional chances for strategic collaboration.
Our Team
Chao Zhu
Formerly employed at J.P. Morgan in London and the Royal Bank of Scotland in Hong Kong, specialized in global financial institution mergers and acquisitions, as well as global bond issuance, participated in dozens of global M&A and bond transactions.
Harvard Business School · Stanford Business School · Tsinghua PBCSF
Hai Huang
Formerly employed at Deutsche Bank in New York and the Derivatives Trading Department of Morgan Stanley in Hong Kong, responsible for market-making and trade hedging of Chinese stock derivatives. Possesses extensive expertise in investment and quantitative hedging.
Shanghai Jiao Tong University · Cornell University
Kai Xie
Formerly employed at Huaxin Securities Research Institute and the Investment Banking Department of Morgan Stanley Huaxin Securities, possessing over ten years of experience in securities investment and has repeatedly been among the top ten shareholders of A-share listed companies.
Tsinghua University · Duke University
Jerry Zhou
Formerly employed at Goldman Sachs in HK and Citi Group in New York as a quantitative trading manager in the Sales and Trading Department, with extensive experience in quantitative analysis, investment portfolio optimization, data mining, and big data analytics.
Stanford University · University of Michigan
Elaine He
Formerly employed at BlackRock in New York, and worked in the Investment Banking Department of CIC and CICC. Possesses rich experience in asset allocation, quantitative analysis, and capital operations.
University of Hong Kong · Cornell University
Qi Zhang
CFA Charterholder. Formerly worked in the strategy group of a domestic sell-side research institute, primarily responsible for micro-strategies and cross-industry thematic research. Later served in a domestic private equity fund, engaged in research on industries including food and beverages, textiles and apparel, commercial trade retail, and leisure travel.
Investment Strategy
350+ cornerstone or anchor investments in global IPOs. Deep access to pre-public opportunities through our extensive network of A-share listed company families.
Active in block trades, A-share and H-share private placements, GDR and SPAC investments. Our proprietary top-down macro judgment combined with flexible allocation drives consistent risk-adjusted returns.
Through rigorous testing and continuous iteration across multiple market cycles, our quantitative, long-short, and sophisticated strategies deliver robust risk-adjusted returns. Time-tested across bull and bear cycles.
Active LP investor in more than 40 funds globally. Our fund investments are characterized by in-depth fundamental analysis and a keen awareness of dynamic market conditions across geographies and asset classes.
"With its distinctive top-down macro judgment and flexible allocation across multiple asset classes, AP Asset Management has consistently demonstrated an outstanding long-term track record."
Portfolio Companies
A selection of AP Asset Management's cornerstone investments in global IPOs.
Xiaomi
Tencent Music
Nongfu Spring
POP MART
JD Logistics
Atour
Venus Medtech
Pharmaron
Jinxin Fertility
Awards & Recognition
Hurun Report
An early acknowledgment of the discipline that defines AP Asset Management: rigorous fundamental research, careful risk management, and a long-term view of value.
JUNDING Award · Securities Times
Recognized for designing products that deliver stable, risk-adjusted returns across both primary and secondary markets.
36Kr
Recognized for identifying leading companies riding China's consumption, new-economy and advanced-manufacturing trends.
Rongzi China
China Industry Investment List recognition for multi-strategy flexibility anchored in deep fundamental research.
36Kr · China Investors Future Summit
Selected by entrepreneurs themselves — chosen by founders twice as the investor they most want on their cap table.
HKCAMA × Bloomberg · Offshore China Fund Awards
Data-driven award covering 770+ funds, ranking on performance and market call accuracy — one of the most respected honors in offshore China asset management.
Contact Us
We work with institutional investors, family offices, and qualified partners. Please reach out to learn more about our strategies.
Offices
Tokyo · Hong Kong
Shanghai · Singapore
Founded
2018