
Fullgoal’s investment philosophy has always been highly aligned with the concept of sustainable investment. The company strives to deliver long-term sustainable investment returns through in-depth research and bottom-up stock selection. Under this guiding principle, the company's sustainable investment concept is to find the optimal balance between social value and commercial value. This is because conventional evaluation systems tend to merely focus on assessing the social value created by companies. However, in situations where corporate resources are limited, excessive emphasis on social value creation may sacrifice commercial value and result in underperformance of stock prices.
Therefore, in recent years, Fullgoal has been committed to establishing a distinctive sustainable investment evaluation system that combines the conventional system, which reflects the stocks’ social value, with Fullgoal's research and investment system that reflects stocks’ commercial value. It assesses the social and commercial value of individual stocks separately and then applies internally developed risk indicators to perform negative screening. By using quantitative indicators to exclude companies that excessively sacrifice commercial value for the sake of maximizing social value, as well as companies that disregard social value in pursuit of excessive commercial value, the company seeks enterprises that achieve the "greatest common denominator" in creating both social value and business value.
After years of practice, Fullgoal Fund has established a balanced development of equity, bond and quantitative investment. Under the guidance of the sustainable investment strategy, each investment segment has set sustainable investment business objectives, and the Sustainable Investment Committee of the company, as the highest authority, guides the orderly development of sustainable investment business in various investment business sectors.
Number of funds
Fund size
Awards
At the investment business level, the three segments have organically integrated sustainable investment principles into their respective research and management frameworks.
At the product level, the company is committed to enhancing its portfolio of sustainable investment products, issuing 16 products with total assets over USD 2.5 billion, and has received a cumulative total of 13 honors and awards.
At the risk management level, since 2019, the company has incorporated sustainable investment risks into its overall equity risk monitoring system.
Source:Fullgoal Fund,data as of Dec 31,2024.
Carrying the attributes of inclusive finance and social responsibility, Fullgoal firmly believes that by consistently safeguarding the interests of shareholders, the company can grow stronger and better contribute to society. The company integrates social responsibility into every detail, making it an inseparable part of Fullgoal’s core value, and strive for harmonious and sustainable development. Simultaneously, the company actively implements the concept of sustainable investment through concrete actions in its investment business, aiming to guide and promote the sustainable development of listed companies and contribute to the establishment of a sustainable investment system with Chinese characteristics.。
Sustainable investment strategy plays a significant role in Fullgoal's overall strategy, and the concept of sustainable development has deeply ingrained itself in the corporate culture. The company has undertaken various practices in the areas of environmental, social, and governance.


In 2012, the company established the Shanghai Fullgoal Environmental Protection Foundation, which was the first environmental public foundation in China's fund industry. The foundation advocates the environmental concept of "Reducing for a better life" and is dedicated to funding low-carbon activities, supporting various environmental initiatives, and other charitable projects. It embodies Fullgoal’s compassion and responsibility towards society and has become an important platform for the company to convey its love and care.
The foundation not only actively contributes in terms of material donations but also places great emphasis on the effectiveness and sustainable development of its public welfare projects. This includes initiatives like the "Love Health - Clean Water Campaign," which addresses the issue of safe drinking water in remote areas for students in China, and the "Love Transmission - Computer Classroom Initiative," which provides well-performing recycled computers to underprivileged rural schools for the establishment of computer classrooms.


Fullgoal takes its social responsibility in a multi-dimensional manner, including poverty alleviation, social contributions, investor education, and employee care.
Poverty Alleviation:Fullgoal Fund actively engages in poverty alleviation initiatives, providing targeted support to Huaxi Village in Chongming, Shanghai, and Fenxi County in Shanxi Province. For two consecutive years, we have participated in several poverty alleviation projects in Xinghe County, led by the Social Security Fund Foundation, to contribute meaningfully to the fight against poverty.
Social Contribution:In 2022, Fullgoal partnered with Shanghai University of Finance and Economics to establish the "Shanghai University of Finance and Economics Fullgoal ESG Research Institute." This institute consolidates research resources from both the university and external partners, continuously studying critical sustainability issues and promoting the practical application of sustainable investment while supporting talent development and social services.
Investor Education:Since 2002, the company has hosted investor education events under the "Fullgoal Forum," which takes place biennially, with ten events held to date. Additionally, we actively participate in investor education activities organized by regulatory bodies, including the CSRC, stock exchanges, and industry associations.


Fullgoal Fund has maintained a stable ownership structure for over 20 years, which has formed effective communication and coordination mechanisms among shareholders. The board grants full authority to its management team, operates independently with a performance-oriented approach, and maintains a highly stable core team. Among the company's senior executives, three have a tenure of over 20 years, and the average tenure is 17 years. The average tenure of the core investment management team is 16 years.
Fullgoal Hong Kong, as a wholly-owned subsidiary of Fullgoal Fund, operates integrally with its parent company, inheriting the Fullgoal culture. The board of directors is composed of executives from various departments of the parent company, and the company's management has remained unchanged since its establishment.
In terms of capacity building, Mr. Chen Ge, CEO of Fullgoal Fund, has led the building of Fullgoal’s 3 major capacities: research and investment, risk management, and client service. In his view, these capacities should advance together to realize a sustainable growth of the company. Similarly, Mr. Chen has a long-term perspective on corporate development, prioritizing "quality" over "quantity", ultimately creating a virtuous and upward spiral between capability and scale.
The company has established the Sustainable Investment Committee, which is responsible for formulating the company's sustainable investment strategies,goals and policies, establishing the company's sustainable investment business. The Chairman of the committee is Company CEO Mr. Chen Ge, and the members include the company's Deputy General Managers, Chief Compliance Officer, Chief Information Officer, as well as the key leaders from the investment,strategic development and marketing divisions.
Under the committee, a Sustainable Investment Working Group has been set up to conduct reserach related to sustainable investment business and provide decision-making support for the Sustainable Investment Bussiness Committee. The working group brings together the key personnel from various departments including equity investment, quantitative investment, fixed income, risk management, stragetic development and marketing.


In 2025, we evaluated four public offering of funds and five private equity funds managed by Fullgoal Hong Kong with reference to our well-established climate-related risk management systems and processes based on the holdings as at 31.12.2024. To conclude, all nine funds have been assessed as relevant, but not material. Going forward, we will continue to monitor the climate-related risks of these funds and conduct regular reassessments to effectively manage the overall climate-related risk exposures.