Materiality Assessment
We focus on factors that may materially affect long-term value and risk-return characteristics, rather than reducing responsible investment to a label.
HENGFENG CAPITAL
Insight Through Cycles.Conviction for the Long Term.
洞察周期，笃行致远
GLOBAL PERSPECTIVE · RESEARCH · DISCIPLINE
ABOUT HENGFENG CAPITAL
About Hengfeng Capital
Hengfeng Capital focuses on global macro and quantitative investment, examining how policy cycles and capital flows shape asset pricing.
About the firm
INVESTMENT STRATEGIES
Investment Strategies
PURPOSE & STEWARDSHIP
Purpose sets the standard.Stewardship sustains the long term.
Our purpose is expressed through each research judgment, allocation decision and standard of firm governance. We consider governance, environmental and social factors relevant to long-term value according to strategy, sector and investment horizon.
Research & Integration
Where relevant, governance quality, transition risk and stakeholder considerations inform our research and ongoing monitoring.
Governance & Review
Clear accountability, documented decisions and periodic review support consistency and measured, verifiable disclosure.
RISK & INVESTMENT DISCIPLINE
Understanding cycles through research.Navigating change with discipline.
01
Risk First
Before assessing potential return, identify possible loss, sources of risk and how exposures may behave across market scenarios, avoiding reliance on a single view or market path.
02
Prudent Allocation
Align position size with holding horizon, funding arrangements, market depth and exit conditions so that a research view remains executable under real market constraints.
03
Ongoing Monitoring
Monitor key variables, portfolio exposures and invalidation conditions, reassessing prior judgments as facts, prices or market structure change.
SELECTED RESEARCH
Selected Research
Dollar Liquidity & RMB Assets
The Federal Reserve balance sheet, dollar funding conditions and RMB asset pricing.
Macro & FX Research
Connecting the technology investment cycle, policy divergence and global capital flows to understand how structural change enters asset prices.
Quantitative Equity Research
Studying technology-led change through a unified assessment of signal quality, holding horizons and portfolio constraints.