# Goldstone Investment

Goldstone Investment is an Asset Manager based in Beijing, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2007
- **Assets under management:** > $5B (Altss estimate)
- **Website:** goldstoneinvest.com
- **LinkedIn:** https://www.linkedin.com/company/goldstone-investment-ltd

## Regulatory record

- **Reports private funds:** No

## About

GoldStone Investment is a subsidiary of CITIC Securities. Founded in 2007, it is based in Chaoyang District, China. The firm focuses on direct equity investment in private companies with potential for public listing.

## Sectors

- Industrial Tech
- Semiconductors
- Real Estate
- FinTech
- Infrastructure

## Offices

- Shanghai, China

## People

- Yibing Wu — Former Chairman and CEO
- Guoqiang Jin — Chairman

## Questions

### What is the relationship between Goldstone Investment and CITIC Capital?

Both entities sit under the broader CITIC Group umbrella but operate as distinct vehicles. CITIC Capital is a separate alternative investment manager with private equity, real estate, and special situations funds. Goldstone is the wholly owned direct-investment platform of CITIC Securities specifically. The two have co-invested on large deals, notably the OmniVision Technologies acquisition consortium in 2016 (per Reuters, 2016).

### Does Goldstone Investment participate in fund commitments or only direct deals?

Goldstone primarily structures its own investment vehicles — including sector-specific private equity funds and dedicated real-asset funds like the Shenshi Smart Logistics Infrastructure Private Fund — rather than committing as an LP to external managers. The firm acts as a direct investor and fund sponsor, placing principal capital alongside Chinese institutional co-investors.

### What investment stages and geographies does Goldstone target?

The firm targets buyouts, significant-minority growth equity, and pre-IPO placements, occasionally extending into cross-border take-private transactions. Geographically, the portfolio concentrates on mainland China — with significant real asset holdings in Beijing, Shanghai, Nanchang, Hefei, and Hangzhou — though the firm has allocated to US targets such as Circle Internet Financial and OmniVision Technologies.

### How does Goldstone source proprietary deal flow?

Goldstone sources through the CITIC Securities investment banking pipeline, leveraging the parent company’s underwriting relationships and state-owned enterprise (SOE) restructuring mandates. This provides early visibility into government-directed consolidation plays and Pre-REIT asset carve-outs that are not broadly marketed to independent private equity firms.

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

Canonical page: https://altss.com/profile/goldstone-investment

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