# Liaoning Provincial Investment Group

Liaoning Provincial Investment Group is an Asset Manager based in Shenyang, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shenyang, China
- **Region:** Asia
- **Address:** Shenyang, Liaoning, China
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **LinkedIn:** linkedin.com/company/liaoning-liaoan-investment-group-co.-ltd.

## Regulatory record

- **Reports private funds:** No

## About

Liaoning Provincial Investment Group is a Shenyang-based investment company. It manages 1 fund and focuses on investments in Asia.

## Sectors

- Real Estate
- Infrastructure
- Financial Services

## People

- Yang Meiqi — Legal Representative

## Questions

### Who controls Liaoning Provincial Investment Group?

The firm is a core subsidiary of Liaoning Holdings Group (Lia控集团), the provincial state-owned capital operation platform. The ultimate controller is the Liaoning Provincial Government's State-owned Assets Supervision and Administration Commission (SASAC). This places the group firmly within the apparatus of Chinese provincial state capital management.

### What is the 60 billion RMB fund with Ping An Bank?

The Zhenxing Northeast Industry Investment Fund is a co-established vehicle between Liaoning Provincial Investment Group and Ping An Bank. Its mandate is to drive industrial revitalization across Northeast China, a region historically dominated by heavy industry and state-owned enterprises. The fund represents one of the more tangible efforts to channel mixed public-private capital into the regional economy.

### Does the firm invest directly or through funds?

It does both. The group operates direct operational assets, including a real estate branch in Shenyang's Huanggu District, the Liaoning Phoenix Hotel, and a provincial travel service. Simultaneously, it participates in large structured funds like the Ping An Bank joint venture, functioning as a hybrid of a holding company and a fund participant.

### How is this firm different from a standard provincial investment platform?

While many provincial platforms focus narrowly on infrastructure bonds or land development, Liaoning Provincial Investment Group holds a mix of operating businesses, real estate, and a major co-managed policy fund. Its inclusion of hospitality and travel assets alongside large-scale industrial funds creates a more generalist mandate than a single-purpose financing vehicle.

### What is the firm's relationship to the China Investment Association?

Liaoning Provincial Investment Group is a member unit of the China Investment Association's Investment Committee. This is a professional network that connects state-owned investment entities with policy discussions and industry standards at the national level, placing the firm within broader coordination efforts among Chinese state capital institutions.

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

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