1978, Xu Xiang was born in an ordinary family; 1993 entered the market with tens of thousands of yuan from home. 18 years old, give up the college entrance examination and concentrate on the stock market. At the end of 1990s, Xu Xiang and several friends who were good at short-term work were named "Ningbo Daily Death Squad" by the market, and their investment style was tough. The stocks selected by the "death squads" have experienced ups and downs. This group of people is centered on the business department of Jiefang South Road, Ningbo, Galaxy Securities, with about 20 members. After more than 20 years, through excellent performance, it gradually conquered investors in Zhejiang, Shanghai and even the whole country.
In 2005, Xu Xiang moved from Ningbo to Shanghai and experienced a bull market in 2007-2008. On June 7, 2009, Xu Xiang established Zexi Investment Management Co., Ltd. with a registered capital of 30 million yuan. Among the historical figures in China, Xu Xiang worshipped Mao Zedong, who founded the new China, and Emperor Kangxi, who led the prosperous times of the Qing Dynasty, so he named the company Zexi.