Asset Manager

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Beijing Baihui Capital Investment

Liu Junqiao's Beijing Baihui Capital runs a generalist venture and fund-of-funds strategy alongside direct CBD real estate upgrades in the Chinese capital.

Beijing Baihui Capital Investment

Beijing Baihui Capital Investment operates as the investment platform for the Baihui group, an enterprise anchored by founder and chairman Liu Junqiao. The group's activities span private equity and brick-and-mortar commercial property, reflecting a pattern of diversified capital deployment common among privately held Chinese investment companies. Wang Jianping serves as legal representative and manager of the Beijing entity, while director Han Yang also controls the Lhasa-based fund management entity that drives much of the group's private equity execution. On the venture side, the firm pursues a broad mandate: it writes checks from seed and start-up stages through to expansion and late-stage rounds, and it allocates to external funds as a limited partner. The investment vehicle tied most directly to this activity is registered in the Lhasa Economic and Technological Development Zone, a structure used by many Chinese firms for tax and regulatory reasons. The strategy does not appear constrained by sector — internal records classify it as generalist venture — and it has exposure to both direct portfolio companies and GP commitments. On the real-asset side, the group owns and manages commercial properties in Beijing, including a retail-and-hospitality asset on Dongbuyaoqiao Hutong branded as Yuhe 49, and has undertaken upgrades of core CBD office buildings in the capital. The firm participates in two elite business networks: the China Entrepreneur Club, an invitation-only group of top-tier Chinese business leaders, and the Green Company Alliance, which it joined in 2017. These memberships signal relationships with peer allocators and corporate principals that typically serve as sourcing channels for deal flow and co-investment opportunities in China's relationship-driven private markets. Wang Jianping and Han Yang hold the formal operational roles, while Zhuhai Yuhong Enterprise Management Partnership — holding a 64.5% stake in Beijing Baihui — and Lhasa Baiyi Venture Capital Investment Management form the legal spine of the investment platform. What distinguishes Baihui from many Chinese asset managers is its hybrid land-and-capital posture. Rather than operating as a pure venture fund or a real estate developer, the group runs a generalist equity program alongside a direct property ownership-and-upgrade practice, with the Lhasa fund management entity serving as the key regulated vehicle. This architecture allows the group to capture venture upside while holding hard assets that generate rental income and balance-sheet ballast — a structure that mirrors the diversification logic of single-family offices, though Baihui is organized as a multi-stakeholder investment company.

General information

Firm type

Generalist

Year founded

AUM

Undisclosed

Location

Region

Asia

Country

China

City

Beijing

Corporate office

Beijing, China

Principals

Liu Junqiao

Founder, Chairman

Wang Jianping

Legal Representative, Manager

Han Yang

Director

Sector focus

Venture (General)Real Estate

Frequently asked questions

Who controls investment decisions at Beijing Baihui Capital Investment?

Founder Liu Junqiao chairs the broader Baihui group and is the controlling figure. Wang Jianping acts as the legal representative and manager of the Beijing investment entity, while Han Yang — a director of Beijing Baihui — serves as the legal representative of the Lhasa-based fund management company, Lhasa Baiyi Venture Capital Investment Management, which conducts the group's primary private equity activities. The entity is majority-owned (64.5%) by Zhuhai Yuhong Enterprise Management Partnership, a structure that centralizes control with the leadership team.

What investment stages does the firm target?

Beijing Baihui pursues a stage-agnostic venture mandate. It deploys capital at the seed, start-up, and expansion and late-stage levels. The firm also operates a fund-of-funds program, allocating to external venture and private equity managers as a limited partner. This combination of direct investing and GP commitments suggests a strategy aimed at both portfolio diversification and access to high-growth early-stage opportunities.

Does the firm invest only in China?

All known structural and real-asset evidence points to a domestic China focus. The operational entities are domiciled in Beijing and Lhasa, the known property portfolio is concentrated in Beijing's Dongcheng District and CBD, and the firm's professional network memberships — the China Entrepreneur Club and the Green Company Alliance — are China-specific. No offshore vehicles or cross-border investments have been disclosed in public filings.

How does the firm's real estate activity relate to its venture strategy?

The two business lines appear operationally distinct but financially integrated at the group level. The venture and fund-of-funds programs run through the asset management entity Lhasa Baiyi, while the property portfolio — including the Yuhe 49 commercial project and CBD office upgrades — represents a direct real-asset allocation. This dual-track structure provides the group with both growth-equity exposure and income-producing hard assets in Beijing's prime submarkets.

What is the firm's relationship with the Baiyi group?

Beijing Baihui Capital Investment functions as the capital deployment arm of the broader Baihui group, which is chaired by Liu Junqiao. The Lhasa-based entity — Lhasa Baiyi Venture Capital Investment Management — is the fund manager for the group's private equity operations. This layered structure, with holding entities in Beijing and a fund management vehicle in Lhasa, is common among Chinese investment firms seeking both operational presence in the capital and the regulatory benefits of Lhasa's special economic zone.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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