Welcome to First Beijing
A Research-Driven, Fundamental Approach to Uncovering Value in China
Founded in 2009
First Beijing was founded in 2009 with the mission of benefiting from market inefficiencies and information asymmetries in the Chinese public equity market. The Firm is independently owned by employees with our internal capital representing a significant portion of our assets under management, giving us the ability to think truly long term. The firm manages approximately USD1.8 billion of assets as of September 2021.
At First Beijing, we focus on a single investment strategy – long-term, fundamental investing, with over 30 employees based in 4 locations across China – Shenzhen, Shanghai, Beijing, Hong Kong. We apply a predominantly value-oriented, research intensive approach to identify “hidden gems” we consider to be compounders but are under-researched and possibly misunderstood by the market. We maintain a disciplined approach and stick to our “circles of competence” i.e. sectors including consumer, TMT, healthcare and industries which are often misunderstood and out-of-favour such as real estate.
We Are Proud to have
An Extremely Stable Team
Over the last 12 years, we are proud to have an extremely stable team with no departures on the investment team. We are grateful for the support of our long-term-minded investors that range from sovereign funds to endowments, foundations and sophisticated family offices around the globe.