Master Profile

Han GuangBin: Investment Profile & 13F Holdings

New Thinking (Hong Kong) Investment Management CO. Ltd

Han GuangBin's investment career, philosophy, and public 13F holdings through New Thinking (Hong Kong) Investment Management CO. Ltd.

Early Life and Education

Han Guangbin was one of the earliest participants in China's capital market. Although there is little public information detailing his specific university education (he himself emphasizes lifelong learning and social practice), it is known that he has a strong background in engineering and management. Market Enlightenment: In 1993, when China's stock market was still in its wild early days, Han Guangbin entered the fray. Unlike the prevalent "market manipulation" and "speculation" practices of the time, he began early on to explore the logic of companies' intrinsic value. Self-Education: He greatly admired the philosophy of Charlie Munger. Through extensive reading and hands-on practice in the early years, he built an interdisciplinary cognitive framework integrating physics, biology, psychology, and more, laying the foundational logic for his future founding of New Thinking.

Investment Career

Han Guangbin's career has spanned multiple bull and bear cycles in China's stock market, and he is widely recognized in the industry as a "long-distance runner." Founding New Thinking (2009): After more than a decade of personal investing and significant wealth accumulation, Han Guangbin officially registered and established Shenzhen New Thinking Investment Management Co., Ltd. in 2009. The name "New Thinking" implies "new thoughts, new philosophy," reflecting his emphasis on investment cognition. Performance Through Bulls and Bears: 2015 Crash: During the violently volatile market of 2015, many private funds suffered huge drawdowns, but products managed by Han Guangbin, thanks to strict risk controls and adherence to valuation, saw their net values buck the trend and hit new highs, a feat that earned him widespread renown in the industry. Long-Term Returns: According to data from Simuwang and various third-party institutions, his flagship "New Thinking Phase 1" has maintained an annualized return at the top of the industry since its inception (it has won five-year and ten-year Golden Bull Awards multiple times). Industry Recognition: He has repeatedly received the highest honors in China's private fund sector, such as the "China Fund Industry Golden Bull Award" and the "Yinghua Award." Industry Comment: "Han Guangbin is one of the very few investors who has demonstrated the power of compounding through decades of real-world performance. His performance curve is smooth and upward-sloping, exemplifying a typical steady growth style."

Investment Philosophy

Han Guangbin's investment philosophy is deeply influenced by Charlie Munger, bearing a strong flavor of philosophical inquiry. He views investing as "a combination of science and art." Core Idea: Multidisciplinary Thinking and Corporate Evolution Businesses as Species: He believes that companies have life cycles, and investing is about finding those with strong vitality that can continuously evolve and resist "entropy increase." Competitive Advantage: He places great importance on a company's moat. He has said, "If I can't picture what a company will look like in ten years, I won't buy it." Operating Style: Contrarian Investing: He is adept at exploiting the market's irrational swings. When the market is extremely panicked, he dares to bet heavily on quality assets; when the market is euphoric, he keeps a cool head. Moderate Concentration: He dares to take concentrated positions on high-conviction opportunities but also emphasizes non-correlation within the portfolio to spread risk. Trading Strategy: He does not reject trading, regarding reasonable trading as a means to hedge risk and reduce costs, but he opposes speculation that trades for the sake of trading.

Personal Life

As a private fund manager, Han Guangbin leads a relatively low-key lifestyle, rarely appearing in entertainment media. His life centers around "thinking" and "sharing." Avid Reader: According to those close to him, Han Guangbin maintains an intense reading habit, covering an extremely broad range including philosophy, physics, history, etc. He believes that in the end, investing is a contest of cognition and self-cultivation. Philanthropy and Education: He is passionate about investor education, often sharing deep market reflections through New Thinking's official channels or investor conferences, in an effort to correct the speculative mindset of retail investors. Personality: Calm, rational, with strong self-control. When the market plunges, he often displays a composure far beyond that of ordinary people.

Books and Writings

Although Mr. Han Guangbin has not yet published a single monograph with an ISBN, his "Letters to Investors" written over the years and his investment notes published on online platforms (such as Xueqiu and the company's official WeChat account) are regarded as classics by many investors. Representative Articles/Views: "Philosophical Thoughts on Investing" Series: Expounds on the application of entropy reduction and evolution theory in investing. Annual Strategy Reports: His annual reviews and outlooks, typically containing deep insights into the macroeconomy and micro-level enterprises. Classic Quotes: "Investing is about buying great companies at cheap prices and then being friends with time." "Risk is not volatility, but permanent loss of capital." "We don't predict the market; we only respond to it."