Yuchen Liu, WH ’28, Philadelphia, PA
Thanks to the Career Services fund, I was able to accept an internship at one of the largest hedge funds in China that manages over 1 billion dollars in asset. I spent 3 months working at Oriental Harbor Investment Management Co. as an equity research analyst and outside of work, I had a lot of fun exploring Shenzhen. Over the summer, I was able to build multiple investment theses on four different companies and rated Google as a “strong buy” around $170. Every day I had the opportunity to exchange thoughts with some of the best value investors in China.
I mainly researched companies in the AI or renewable energy sector, in particular Nebius and First Solar. I would read through all the company filing, analysts Q&A, and reports on Refinitiv to get a basic understanding of the business. I would also attend external interviews and any other opportunities that can help me make a better judgement on the company. I also got to practice my valuation skills like building a DCF.
My daily routine consists of me waking up around 8 AM, getting ready, and walking 9 minutes to the nearest subway station. Luckily, I only live 1 stop away from my company so I don’t need to send a lot of time commuting. Every day I would get 2 steamed pork buns and a bottle of soy milk from the breakfast stand in the subway station and try my best to squeeze into the crowded elevator (since everyone is rushing to get to work now). Everyone in the office is very laid-back, so when they hold meetings or talk to each other, I would join and learn from their conversations. We then have a 1.5-hour lunch break at 11:30 and I would either order food delivery (very cheap and quick) or go downstairs to the dining hall. We get off work at 5 PM and I would either ride the subway back to my apartment or go to a mall to get dinner. Since Shenzhen is a big city, there are lots of fun places and restaurants, so every weekend I would be out and about exploring all the good food.
Shenzhen was a wonderful experience, but the most unforgettable part were the people I have met; my supervisor is one of the most insightful and knowledgeable investors I know. No matter what companies I asked about, he can always provide me with the exact information I am looking for and guide me through his thoughts on the entire industry. Listening to his perspectives gave me a solid grasp on the development of AI in the next few years and his unique way of filtering for good businesses and analyzing their operations will stick with my in my own investing journey. I am also grateful for my colleagues, we would sit together during lunch and discuss how our reports are going (or mainly just joke around). We would occasionally play badminton together or even go on short trips during the weekend. None of this would be possible without the Career Services fund, and I am so grateful for this opportunity provided by Penn and our donors.
This is part of a series of posts by recipients of the 2025 Career Services Summer Funding Grant. We’ve asked funding recipients to reflect on their summer experiences and talk about the industries in which they spent their summer. You can read the entire series here
