In modern quantitative investment practice, research outcomes of genuine long-term value are often embodied in implementable, executable, and reproducible investment portfolios, not merely in statistically significant factor correlations. Feishu Quant Competition, with academic support from ETH Zurich, Universität Zürich (University of Zurich), Technische Universität München (TUM), and the University of Toronto, focuses on the entire asset management process, centering on the construction, execution, and evaluation of long-only portfolio strategies in the A-share market.