Chinese quantitative funds have seen their assets under management (AUM) double to over 2.6 trillion yuan in less than a year, fueled by the integration of artificial intelligence technology and superior performance. The average return for quantitative equity long-only strategies reached 44.7% last year, significantly outperforming active equity funds by 20.3 percentage points. This has prompted a shift among investors from traditional stock-picking to quantitative investment strategies. Industry experts note a transition in investment focus towards selecting quant institutions with robust AI capabilities. Leading firms are enhancing their competitive edge by leveraging AI, data, and talent. However, as the scale of quantitative funds grows and market pricing efficiency improves, the challenge of achieving excess returns is expected to increase.