Humans can decompose Chinese characters into compositional components and recombine them to recognize unseen characters. This reflects two cognitive principles: Compositionality, the idea that complex concepts are built on simpler parts; and Learning-to-learn, the ability to learn strategies for decomposing and recombining components to form new concepts. These principles provide inductive biases that support efficient generalization. They are critical to Chinese character recognition (CCR) in solving the zero-shot problem, which results from the common long-tail distribution of Chinese character datasets. Existing methods have made substantial progress in modeling compositionality via predefined radical or stroke decomposition. However, they often ignore the learning-to-learn capability, limiting their ability to generalize beyond human-defined schemes. Inspired by these principles, we propose a deep latent variable model that learns Compositional Latent components of Chinese characters (CoLa) without relying on human-defined decomposition schemes. Recognition and matching can be performed by comparing compositional latent components in the latent space, enabling zero-shot character recognition. The experiments illustrate that CoLa outperforms previous methods in both character the radical zero-shot CCR. Visualization indicates that the learned components can reflect the structure of characters in an interpretable way. Moreover, despite being trained on historical documents, CoLa can analyze components of oracle bone characters, highlighting its cross-dataset generalization ability.