Our Analysts
Research Team
Our Analysts
Huatai’s research team of 125 analysts across 29 teams covers a growing list of 815+ China companies across China (A), Hong Kong (H), and New York (N).
Introducing Huatai Securities’ Leading Sector Analysts
2021 represents the continuation of an eight-year effort to transform Huatai Securities’ equity research product from a report-based domestic product to an All-China institutional platform of research services designed to address the needs of global investors.
In December 2020, Huatai Securities ranked #1 in Institutional Investor’s All-China Research poll of Global investors with 33 positions.
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Master’s Degree – Quantitative Economics, Fudan University
ZHANG JiQiang joined Huatai Research in October 2018 and became Research Head in September 2024. Previously, Mr. ZHANG worked at CICC and led his team to win the New Fortune Best Analyst Team Award in 2017 and again in 2019-2023. Mr. Zhang also claimed the New Fortune Platinum Analyst in 2021. His team placed second in the Caixin II China Best Analyst Team Award from 2021-2023, and he ranked #1 in the 2020 Top 10 Most Popular Analysts. His team also[...]
SHEN XiaoFeng
Deputy Head of Huatai Research, Chief Analyst for TransportationMaster’s in Business Administration – City University of Seattle
From 2004 to 2010, Mr. SHEN worked for Shenzhen Airlines, gaining extensive airline industry experience. He began his career as a transportation industry analyst in 2010. Prior to joining Huatai Securities in 2016, he worked at Changjiang Securities and CICC. He is dedicated to fundamental research and believes that research creates value. In 2021 and 2022, Mr. SHEN placed 2nd and 3rd, respectively, in “Institutional Investor Al[...]
LIU Jun
Chief Analyst for Energy TransformationBachelor’s in Engineering Physics and Master’s in Applied Physics – Hong Kong Polytechnic University
LIU Jun began researching new energy, utilities and electrical equipment in 2009, with 12/2 years of sell/buy-side experience. Mr. LIU joined Huatai Research in 2023 focused on analyzing energy transformation-related industrial trends, forward-looking technologies and policy changes, as well as medium-and-long-term issues like the evolution of global industry landscape. Mr. LIU previously worked at CICC as the Chie[...]
SHI JinFeng
Chief Analyst for Economic Policies and International RelationsMaster’s in Journalism – Renmin University of China
Mr. SHI joined Huatai Securities in February 2024, specializing in economic policies, industrial policies, and public policy analysis. Mr. SHI spent 9 years at Credit Suisse where he focused on economic and market strategy research. He came 3rd place in the “All-Asia Best Sell-Side Analyst Poll for Equity Strategy” organized by Institutional Investor in 2023.
Bachelor’s in Electronic Engineering – Shanghai Jiao Tong University
PhD in Information & Communication Engineering – University of Tokyo
HUANG LeiPing specializes in semiconductors, mobile phone industry chain, telecommunications, and cloud computing, as well as cutting-edge technologies such as AI, autonomous driving, blockchain, digital currencies, commercial space exploration, satellite internet, brain-computer interface, and quantum computing.
Mr. HUANG previously worked at Nokia, Nomu[...]
WU YUHANG
Team Lead for Interest RatesMaster’s degree in Finance – Central University of Finance and Economics
WU YuHang joined Huatai Research in July 2019, and specializes in interest rates, monetary policies, and liquidity.
QIU WenZhu
Team Lead for Bond StrategyBachelor’s degrees in Economics and Statistics – Peking University
Master’s degree in Mathematics of Finance – Columbia University
QIU WenZhu began as a fixed income research analyst in 2016. Ms. QIU joined Huatai in 2021. Previously, she served as a research analyst in CICC’s Fixed Income Division and assistant investment manager in its Asset Management Division.
YIN Chao
Team Lead for Convertible BondsYIN Chao graduated from the PBC School of Finance – Tsinghua University
Mr. YIN has been a research analyst of convertible bonds since December 2018, specializing in market strategies, quantitative analysis, and sector/individual bond allocation.
Ms. YI holds degrees in Economics and Fine Arts – Mount Holyoke College
Ms. YI has been in the securities industry for over 19 years, previously working at CICC, Goldman Sachs, and private equity funds. She served as Chief China Economist, Head of the Economics Team and Managing Director at CICC from 2015 – 2020 and served as the China & Asia Economist at Goldman Sachs (Asia) from 2004-2009 after working at the Federal Reserve Bank of Boston. From 2009-2013, Ms. YI served as Chief Economist and Strategist at K[...]
Xiaoming serves as the Lead Quantitative Strategist at Huatai Securities with a team of thirteen professionals.
Master’s degree from Peking University.
LIN XiaoMing joined Huatai Research in 2015 and brings 16 years of experience in sell-side quantitative research. Mr. LIN and his team cover multiple areas: bottom-up quantitative stock selection (including multi-factor models, quantitative fundamentals-based stock selection, and AI-driven stock selection), and top-down quantitative allocation (including asset all[...]
HE KANG
Lead Analyst for Quantitative InvestmentBachelor’s degree and PhD in Psychology from Peking University.
Mr. HE specializes in AI-driven stock selection and multi-factor stock selection models.
CHEN YE
Team Lead for Index ResearchBachelor’s in Mathematics and Economics – Peking University
PhD in Computational Mathematics – Peking University
CHEN Ye began her career in quantitative research in 2016 and previously served as a dedicated account investment manager at CCB Principal Asset Management. CHEN Ye focuses on economic cycles, asset allocation, and strategy indices.
SONG TINGTING
Chief Analyst for AutomobilesMaster’s degree from East China Normal University
SONG TingTing began her automobile sector research career in 2015. She previously served as the Chief Analyst at ShenWan HongYuan Securities. Ms. SONG led her team to win 5th place in the “New Fortune Best Analyst Team” Awards in 2020 and has been repeatedly honored with “Crystal Ball Best Analyst” Awards. Ms. SONG joined Huatai Securities in 2022 to conduct automobile industry research adhering to detailed observations based on frontline industry insights, conducts forw[...]
Master’s degree in Finance from Southwestern University of Finance and Economics.
Ms. SHEN has over 10 years of financial research experience. She started financial research in 2010 and served as a financial researcher at the Research and Development Center of China Merchants Securities. She joined Huatai Securities in 2014.
PhD in Economics from Renmin University of China
Mr. LI joined Huatai Securities in 2019 and currently serves as a member of both the Solvency Supervision Expert Advisory Committee of China Banking and Insurance Regulatory Commission and the Life Insurance Interest-Rate Evaluation Committee of the Insurance Association of China. Prior to joining Huatai, he was the Head of China Insurance research and Responsible Officer with a type 4 license at Autonomous Research, a boutique research firm with a notable reputation in t[...]
Master’s degree from Leiden University (Netherlands).
Li Bin has over 10 years of experience in industry research. Mr. LI joined Huatai Research in 2017 as Chief Analyst for Nonferrous Metals & Steel, with extensive research experience and expert resources in the materials industry.
FANG YanHe
Chief Analyst for Construction & Engineering/Construction MaterialsMaster’s degree in Economics – Fudan University.
FANG YanHe has a sound grasp of industry cycles. Mr. FANG’s team ranked 2nd in the “New Fortune Best Analyst Team” Award in 2017, and won 1st place in the Construction & Engineering category and 5th place in the Construction Materials category in the “Crystal Ball Awards” in 2018. In 2024, Mr. FANG was awarded the “Most Popular Sell-Side Analyst” in the Construction & Engineering/Construction Materials category by the IAMA.
ZHUANG TingZhou
Chief Analyst for ChemicalsMaster’s degree in Chemical Engineering – Tsinghua University.
ZHUANG TingZhou joined Huatai Research in 2016 and brings over 10 years of experience in chemicals research, including 3 years of lithium-ion battery research. Mr. ZHUANG has published papers for top international SCI journals including ACS Nano.
FAN JunHao
Head of the Research Division at Huatai Financial Holdings (Hong Kong) Ltd.,Holdings (Hong Kong) Ltd., Chief Analyst for Consumer DiscretionaryMaster’s in Finance – Sun Yat-Sen University.
Mr. FAN began his research career in 2010 and has over 14 years of experience in the consumer sector. Mr. FAN was previously Chief Analyst at CICC for the light manufacturing, retail, cosmetics, and agriculture sectors, and also held positions at GF Fund Management and China Investment Securities. Mr. FAN joined Huatai Securities in 2024 and focuses on in-depth research of industry trends and stock fundamentals.
Mr. FAN placed 1st in the “2023 Asia Money Best Se[...]
XIONG ChengHui
Chief Analyst for AgricultureBachelors of Science – Wuhan University
PhD in Biology – Chinese Academy of Sciences.
Ms. XIONG has 2 years of industry experience and 9 years of sell-side research experience. She previously worked in the biotechnology department of Monsanto, a global leader in the seed industry, as well as at Huatai Securities, CITIC Securities and China Merchants Securities.
Master’s degree – ESSEC Business School in France.
Ms. GONG previously worked at BNP Paribas, Horizon Insights, and HuaChuang Securities. She has eight years of experience in consumer product research and joined Huatai Securities in 2020.
Bachelor of Science in Biological Sciences – Wuhan University
PhD in Nanoscience and Technology – Hong Kong University of Science and Technology.
Ms. DAI has extensive experience in pharmaceutical industry research on the sell-side, across both A/H-shares. Ms. Dai previously worked in the Global Research Department of HSBC and CICC (Shanghai).
NI ZhengYang
Chief Analyst for MachineryBachelor’s degree in Materials Science – Nanjing University
Master’s degree in Materials Science – Shanghai Jiao Tong University
Mr. NI started research into machinery in 2016. Prior to joining Huatai Securities in 2022, Mr. NI worked at SooChow Securities, Southwest Securities, and Topsperity Securities, holding positions of analyst, chief analyst, Head of Greater Manufacturing Research Group, and Deputy Director of the Research Institute.
SHEN JIANGUO
Chief Analyst for Power Equipment & New EnergyBachelor’s degree in Mechanical Engineering – Tsinghua University,
MPhil in Systems Engineering from Chinese University of Hong Kong.
SHEN Jianguo has 3 years of experience in manufacturing. Mr. SHEN was a core member of the teams that achieved 1st place in 2015 and 2nd place in 2016 in the “New Fortune” research rankings. Prior to joining Huatai Securities in 2022, Mr. Shen served as Chief Analyst for Power Equipment & New Energy and Head of New Energy Research Team at Founder Sec[...]
BIAN WenJiao
Team Lead for Power Equipment & New EnergyBachelor’s degree in Engineering – Xiamen University
Master’s degree in Finance – Peking University
BIAN WenJiao started researching power equipment & new energy in 2016, and is currently responsible for the research into new energy vehicles and energy storage.
Master’s degree from Harbin Institute of Technology.
Mr. LI joined Huatai Research in 2021, having previously worked at China Aerospace Science and Industry Corporation for 5 years and Zhongtai Securities. Mr. LI has a deep understanding of the defense industry and is good at researching from the perspective of combining the industry and financial opportunities. In 2021, Mr. LI ranked 3rd in Institutional Investors China rankings Machinery category.
Bachelor’s degree in Economics – Shanghai University of Finance and Economics
Master’s in Finance – Newcastle University (UK)
CHEN Shen joined Huatai Securities in 2018 with over 10 years of experience in property research. His team won the 1st place in the “New Fortune Best Analyst Team” Award Property category in 2014 and 1st place in the Institutional Investor’s China rankings, Property category (Chinese Mainland) in 2019.
XIA LULU
Chief Analyst for InternetBachelor of Science, Political Science – Emporia State University
Bachelor of Law – South China Normal University
XIA has 5 years of experience in TMT strategic consulting and 6 years of experience in strategic research of the high-tech and internet industries. Prior to joining Huatai, he worked at Huawei, Vivo, Meituan, and Soochow Securities. In 2023, after joining Huatai Securities, Mr. XIA led his team to win 2nd place in the “Best Analyst Team” in the Internet and Media category (Chinese Mainland[...]
Master’s degree in Finance – Fudan University.
XIE has over 10 years of computer industry research experience. Since 2014, he has covered the computer industry at UBS Securities, Haitong Securities, and Zhongtai Securities.
The awards Mr. XIE has received include: 1st place in the Asia Money team rankings (2014), and 4th place in the Institutional Investor’s team rankings (2014); 5th place in the 2016 New Fortune team rankings. Individually, Mr. XIE placed 3rd in the Artificial Intelligence field and 4th pl[...]
Purdy Ho
Chief Analyst for Overseas TechnologyAs an early participant in artificial intelligence, Purdy HO obtained her Bachelor’s, Master’s, and MBA degrees from the Massachusetts Institute of Technology. Her master’s thesis advisor was Professor Tomaso Poggio, the founder of the global autonomous driving giant Mobileye. Early in her career, Ms. HO worked at Hewlett Packard Labs in the US, focusing on AI and machine learning research, publishing papers for an international academic forum, and securing two US patents. After receiving her MBA, she worked [...]
ZHU Jun
Chief Analyst for MediaMaster’s degree in Accounting – Tsinghua University.
Ms. ZHU started sell-side research in 2014, focusing on game, film & TV industry, marketing, internet, and pan-entertainment sectors. She emphasizes forward-looking industry research.
Bachelor’s degree – Zhejiang University
Master’s degree – Columbia University (US).
WANG WeiJia has over 10 years of experience in utilities and cyclical industries. Prior to joining Huatai Securities in 2017, Ms. WANG worked for CICC and Goldman Sachs Gao Hua, with a focus on power, environmental services, and testing. Ms. WANG led her team to win the 3rd place in the New Fortune Best Analyst Team Award in the utilities category (2019), 3rd place in the Crystal Ball Awards in the environmental servic[...]