# China Oceanwide Holdings Group

China Oceanwide Holdings Group is a Corporate Investor based in Beijing, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** chinaoceanwide.com
- **LinkedIn:** linkedin.com/company/china-oceanwide-holdings-ltd

## Regulatory record

- **Reports private funds:** No

## About

China Oceanwide Holdings Group is a Hong Kong-based organisation founded in 1988. It operates in insurance, investments, and financial services, with a focus on the consumer goods sector.

## Sectors

- Real Estate
- Financial Services
- Energy
- Technology

## Offices

- Los Angeles, CA
- San Francisco, CA
- New York, NY
- Wuhan, China

## People

- Lu Zhiqiang — Founder and Chairman

## Questions

### Who controls China Oceanwide Holdings Group?

Lu Zhiqiang is the founder, chairman, and controlling shareholder of China Oceanwide Holdings Group. He built the conglomerate from a Beijing real estate developer starting in 1988 and is a prominent figure in elite Chinese business circles, including the Taishan Association. His network included allies such as Legend Holdings founder Liu Chuanzhi.

### What happened to Oceanwide's US real estate portfolio?

All three major US projects failed. Oceanwide Plaza in Los Angeles stalled mid-construction, became a target of vandalism, and entered receivership. Oceanwide Center in San Francisco was sold at a significant loss. The 80 South Street tower site in New York was also halted and subsequently marketed for sale. Tightened Chinese capital controls after 2017 cut off the financing that had sustained the projects.

### Is China Oceanwide still an operating entity?

In February 2024, a Bermuda court ordered China Oceanwide Holdings Group into liquidation following enforcement actions by creditors. The firm's domestic Chinese assets, including the Wuhan CBD and financial services holdings, are undergoing separate restructuring under local regulatory oversight.

### What was Lu Zhiqiang's relationship with the Taishan Association?

Lu Zhiqiang was a prominent member of the Taishan Association (Taishan Hui), an exclusive network of Chinese billionaires and entrepreneurs. The club functioned as an elite deal-sourcing and co-investment circle. Lu's membership connected him to capital partners who supported Oceanwide's expansion before the group's liquidity crisis.

### What domestic assets did China Oceanwide hold?

Domestically, the group's portfolio included the Wuhan Central Business District, a large mixed-use development, and the Minsheng Financial Center in Beijing. It also held stakes in financial institutions including Minsheng Securities and Minsheng Trust, alongside power plant projects in Indonesia.

## Related profiles

- [China Nuclear Industry Huaxing Construction](https://altss.com/profile/china-nuclear-industry-huaxing-construction)
- [China Pacific Life Insurance](https://altss.com/profile/china-pacific-life-insurance)

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Last updated: 2026-06-03T20:00:00.000Z

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