Beijing Jiangheyuan Holding

Liu Zaiwang, as founder and 85% owner, holds ultimate decision-making authority over the family office. The remaining 15% is held by his wife Fu Haixia, suggesting a concentrated governance structure typical of founder-led Chinese family offices. No publicly named chief investment officer or external investment committee has been disclosed.

The capital base originates from Jangho Group, the Shenzhen-listed construction and curtain-wall engineering company Liu Zaiwang founded. Unlike family offices formed after a company sale, Jiangheyuan's funding remains linked to the parent's ongoing operating profits, creating a continuous capital recycling mechanism between the operating business and investment activities.

The firm pursues direct investments across venture stages from seed to mezzanine, alongside hard-asset holdings in commercial real estate. Its structure most closely resembles a direct-investing family office, though specific portfolio companies have not been publicly disclosed—a privacy posture common among Chinese family offices.

Beijing Jiangheyuan Holding is the family investment vehicle for Jangho Group's founder Liu Zaiwang. The two entities remain operationally connected: Jangho Group generates the construction profits that flow into the family office, while the office's philanthropic arm, Jangho Curtain Wall College in Shenyang, trains engineers who feed back into the parent company's workforce.

Jangho Group has executed major international construction projects, particularly in the Middle East and Southeast Asia, and the family office likely has some international exposure through these channels. The firm's ties to Hong Kong-based designer Steve Leung also suggest network connections outside mainland China, though specific cross-border investment positions remain undisclosed.

The family operates the Jangho Curtain Wall College in Shenyang, an educational institution that serves dual purposes: specialized workforce training for the parent company and independent educational programming. Liu Zaiwang and Steve Leung also jointly fund the Steve Leung Travelling Scholarship, extending philanthropic activity into Hong Kong design education.

Steve Leung is a Hong Kong-based interior designer and founder of Steve Leung Design Group, which has partnered with Jangho Group on projects. The relationship extends beyond business: the two men jointly fund the Steve Leung Travelling Scholarship, and an unnamed yacht associated with their collaboration appears among the family's hard assets.