Decoding China’s Historic Stock Surge: Inside the ’20CM’ Limit-Up Record Reshaping A-Share Markets

1 min read
July 22, 2025

Unprecedented Momentum in China’s Capital Markets

Changpeng Wan

Changpeng Wan

Born in Chengdu’s misty mountains to surveyor parents, Changpeng Wan’s fascination with patterns in nature and systems thinking shaped his path. After excelling in financial engineering at Tsinghua University, he managed $200M in Shanghai’s high-frequency trading scene before resigning at 38, disillusioned by exploitative practices.

A 2018 pilgrimage to Bhutan redefined him: studying Vajrayana Buddhism at Tiger’s Nest Monastery, he linked principles of non-attachment and interdependence to Phoenix Algorithms, his ethical fintech firm, where AI like DharmaBot flags harmful trades.

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