Shocked yet again by the strength of a fellow countryman.

CITIC Securities previously had another Song Wenlei, born in 1981, who later emigrated to Australia. He was dubbed “China’s Gatsby” by Australian media for spending a fortune to buy a mansion in Sydney, and the Song Wenlei in this race-preemption case is the same person.
In 2017, Song Wenlei (English name Andy) bought the waterfront mansion “Portofino” in Sydney’s affluent Point Piper for about 60.8 million AUD, which at the time was Australia’s third-highest residential transaction in history. In 2015, Song Wenlei also bought a unit in Sydney’s The Hyde for 2.86 million AUD. In 2021, he again acquired a residence in Sydney’s top waterfront rich district of Rose Bay through an off-market deal for about 10 million AUD; meanwhile, the Point Piper mansion he had previously purchased was approved to be converted into three separate luxury apartments, with renovation costs of about 7.2 million AUD.
According to multiple parties familiar with the matter, this Song Wenlei is from Ningbo. Around 2012, he briefly worked at CITIC Securities’ Shanghai branch. He shared the same name as the aforementioned older investment-banking veteran, and both were working at CITIC Securities during the same period. But this younger Song Wenlei had already been reported for compliance issues at the time and later went into hiding in Australia, which is why few people at CITIC Securities today have any lingering impression of him. However, this Song Wenlei has continued to be active long-term in China’s secondary stock market. A-share market well-known “bullish” retail investor Song Fengyi is named after his father, and he also has close ties with investment institution Shanghai Xingui Investment Consulting Co., Ltd.
Since 2017, Song Fengyi has cumulatively been listed in the top ten tradable shareholders of dozens of A-share listed companies. His investment style focuses mainly on growth stocks of small and mid-cap companies. His holdings include Furun Shares, Chuangshiji, Oriental Zirconium Industry, Xiangxin Technology, Dexin Technology, Lisheng Sports, Lian’ang Technology, Yinxi Technology, Sema Microelectronics, Tiancheng Technology, and others. Song Fengyi’s publicly disclosed holdings have long stayed in the hundreds of millions of RMB, with a historical peak of nearly 1 billion.