"Her Strength" | Ping An Fund's Zhang Miao: 20 Years of Deep Cultivation, Building Reliable Investments with Women's Resilience, Anchoring Technology and Manufacturing for the Future

In traditional understanding, strength is often associated with rigidity and sharpness, but the capital markets are never short of edge. Female fund managers are redefining professionalism by combining firmness and gentleness. The current “her strength” precisely breaks this binary opposition—being firm means sticking to principles and bottom lines, while gentleness signifies wisdom and guidance. Together, they forge an investment path that balances impact and warmth, reflected in net value curves and long-term value.

“Investing is something you can do for a lifetime. Diligently researching, choosing quality stocks, and aligning with your personality—I’m someone who loves learning, works hard, and hopes that a reliable person can create a trustworthy product so that holders can feel secure and at ease,” said Zhang Miao from Ping An Fund.

With over 20 years of experience, Zhang Miao has a solid research foundation and a relatively broad skill set. She manages funds across the entire market, focusing on long-term investment, seeking high-quality sectors, and positioning in companies capable of continuously increasing intrinsic value.

She believes there are many ways to make money in the market. Holding quality stocks for the long term may bring pressure at times, but the resilience unique to women helps them stay calm and maintain their original intentions.

The real test is how to stay steadfast amid volatility. Long-term investing sounds simple, but it requires selecting industries and companies of sufficient quality—this is the strongest backing for confidence in holding.

“Risk control is always the most important. Besides market risk, we pay more attention to company quality, fundamentals, risk-reward ratio, liquidity, and other core aspects. We insist on choosing companies that allow us to sleep well at night, avoiding risky bets—this is also the bottom line of long-term investing,” she said.

Looking ahead, Zhang Miao emphasizes that whether in 2026 or the next 5–10 years, technology manufacturing remains the most important focus. Reflecting on the past two years, during a new phase of China’s economic transformation and rapid development of tech manufacturing, residents want to share in the dividends of growth again. Participating in the capital market will become an inevitable choice.

In recent years, AI and quantitative strategies may increase market volatility and accelerate market reactions. Zhang Miao believes this will not significantly impact her investment framework. She remains committed to earning through deep research into companies’ fundamentals, not being swayed by short-term emotions or trading rhythms.

Message

No matter how market structures change or participants evolve, the essence of investing will never change. Ping An’s culture has always emphasized “efficiency.” The phrase “time waits for no one” is deeply ingrained in the team. We will continue to uphold a pragmatic, efficient, and forward-looking attitude, steadfast in long-term value investing.

Text by Xu Nannan, Edited by Xu Nan

(Edited by Xu Nannan)

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