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Hangzhou Fengying Industrial Investment
Hangzhou Fengying Industrial Investment is a China-based investment company anchored by founder Zheng Jizong, who serves as the legal representative and...
Hangzhou Fengying Industrial Investment
Hangzhou Fengying Industrial Investment is a China-based investment company anchored by founder Zheng Jizong, who serves as the legal representative and principal shareholder. The firm's recorded address — Room 1710 at No. 118 Qingchun Road in Hangzhou's Xiacheng District — places it in a commercial corridor that hosts numerous Zhejiang-based private investment vehicles. Industry records consistently show the firm participating in venture capital fund commitments rather than issuing a public-facing brand or website, reflecting an operational preference for private syndication over institutional marketing. The investment strategy covers the full venture lifecycle: seed, early-stage start-up, and expansion/late-stage rounds. Rather than operating as a standalone direct investor, Fengying frequently appears alongside Huarui Investment, the firm chaired by business partner Zong Peimin, in limited partner lists for venture capital funds. This syndicated model allows Zheng Jizong's capital to access deal flow sourced and managed by Huarui's infrastructure. Co-investors who appear repeatedly in the same vehicles include Huang Chao and Cen E, suggesting a tight network of Zhejiang-based private allocators. The geographic concentration remains domestic China, with no public record of cross-border placements. No public AUM figure, team headcount, or deployment total is available for Hangzhou Fengying Industrial Investment. The firm has not disclosed a dedicated website or LinkedIn presence. What is observable from corporate registries and fund LP disclosures is a persistent co-investment relationship with Huarui Investment, whose chairman Zong Peimin appears as the operational link to the venture capital funds that house Fengying's capital. The firm's investment vehicles are structured under China's domestic regulatory framework and do not appear to include offshore parallel funds. No adjacent philanthropic or operating-company structures have been identified in public filings. Hangzhou Fengying Industrial Investment's structural differentiator lies in its pure syndication posture: the firm does not market itself as a branded venture capital manager, does not maintain a public investment team page, and does not solicit third-party limited partners. Instead, it functions as a principal-capital vehicle that routes commitments through a trusted external manager — Huarui Investment — creating an architecture more akin to a private investment office than a conventional asset manager. This arrangement separates capital origination (Zheng Jizong) from fund management (Zong Peimin), a pattern common among Zhejiang's entrepreneurial investor networks but rarely formalized in English-language industry records.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Hangzhou
Corporate office
Room 1710, No. 118 Qingchun Road, Xiacheng District, Hangzhou, Zhejiang, China
Principals
Zheng Jizong
Founder
Zong Peimin
Chairman of Huarui Investment; co-investor and fund manager
Sector focus
Frequently asked questions
Who runs investment decisions at Hangzhou Fengying Industrial Investment?
Founder Zheng Jizong is the legal representative and principal shareholder of the firm and makes the ultimate allocation decisions. Operational fund management is typically delegated to Zong Peimin, chairman of Huarui Investment, who structures and manages the venture capital vehicles in which Fengying participates as a limited partner.
How is Hangzhou Fengying Industrial Investment related to Huarui Investment?
Zong Peimin, who chairs Huarui Investment, functions as a business partner to Fengying's founder Zheng Jizong. Huarui manages the investment vehicles that house Fengying's capital, effectively serving as the external fund manager while Fengying acts as a principal LP. The two entities have appeared together across multiple fund structures, with co-investors Huang Chao and Cen E also recurring in the same LP rosters.
Is Hangzhou Fengying Industrial Investment a single family office or a venture capital firm?
Legally it is registered as an investment company in Hangzhou, but functionally it shares characteristics with a private family investment vehicle. It does not solicit third-party capital, does not maintain a public brand or website, and channels its investments through an affiliated external manager rather than building an in-house direct-investment team.
What investment stages does Hangzhou Fengying Industrial Investment target?
Industry records indicate coverage across seed, early-stage start-up, and expansion/late-stage venture rounds. This full-cycle mandate gives Fengying flexibility to participate in both new company formation and growth-equity placements within China's domestic market.
Does Hangzhou Fengying Industrial Investment participate in fund commitments or direct deals?
The firm primarily participates through fund commitments, appearing as a limited partner in venture capital vehicles managed by Huarui Investment. There is no public evidence of direct co-investment SPVs or standalone direct deals led by Fengying itself.
Profile maintained by Altss 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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