Hebei Houde Investment

Zhang Zhuang and Yuan Yi jointly control the firm, each holding 40% equity. Zhang is identified as the actual controller and founder, while Yuan serves as a business partner with identical shareholding. Legal representative Yang Fei holds 10%, and Zhang Yikun holds the remaining 10%.

The firm's filings describe a growth-stage strategy with a generalist mandate, meaning it is not restricted to a single sector or asset class. Without a public portfolio or detailed disclosures, the precise allocation mix is not verifiable — a common profile among private Chinese investment companies operating outside the venture capital regulatory framework.

The firm is headquartered in Shijiazhuang, the capital of Hebei province in northern China. This location suggests a focus on Hebei's industrial economy and the broader Beijing-Tianjin-Hebei economic zone, though no specific regional mandate has been publicly confirmed.

The ownership structure — four named shareholders with concentrated stakes — points to partner-managed proprietary capital rather than a fund management model with external limited partners. No public record of regulated fund raising or institutional LP relationships has been identified.

Unlike a single-family office tied to one wealth origin, Hebei Houde's 40/40 partnership between Zhang Zhuang and Yuan Yi indicates pooled entrepreneurial capital from at least two founding principals. The legal form is a corporate investment company, not a trust or foundation structure typical of family office governance.