# MinxiXinghang State-owned Investment & Operation

MinxiXinghang State-owned Investment & Operation is a Government / Public Body based in Longyan, China.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Longyan, China
- **Region:** Asia
- **Address:** 6th Floor, Tingjiang Building, Beihuan Second Road, Lincheng Town, Shanghang County, Longyan, Fujian, China
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** www.mxxhgt.com

## Regulatory record

- **Reports private funds:** No

## About

MinxiXinghang State-owned Investment & Operation was established in 2000 as the principal state-asset holding and investment vehicle for Shanghang County, Fujian. The entity is ultimately controlled by the Shanghang County Finance Bureau, which acts as its founder and sole shareholder. It functions as a county-level state-owned capital operating company — a common tier in China's three-tier state-asset management system — bridging the local government's fiscal objectives with commercial returns. Chairman and General Manager Li Jian leads the firm, which maintains a close operational nexus with Zijin Mining, the globally significant gold and copper group headquartered in the same county and chaired by Chen Jinghe. The firm's portfolio spans extractive industries, renewable power, transport infrastructure, and municipal utilities. It holds direct and indirect interests in mining and metallurgy tied to Zijin Mining's gold and copper operations. Its energy assets include the Tingjiang Hydropower Station, a run-of-river facility on the Ting River. Transport holdings feature stakes in the Shanghang Jiaocheng Expressway and multiple railway construction projects within the county. It also owns Shanghang Xinyuan Water Supply, the designated water utility serving the county seat. These assets collectively reflect a mandate that blends local resource extraction, industrial infrastructure, and essential public services — deployed almost entirely within Shanghang County's geographic boundaries. The firm operates from the Tingjiang Building in Lincheng Town, the commercial and administrative center of Shanghang. Its team is led by Li Jian, who has held the dual role of Chairman and General Manager for an extended period. No public records disclose total assets under management or headcount. The entity sits within a governance structure that includes the Shanghang County Finance Bureau as the ultimate controlling authority, and it maintains a business partnership with Chen Jinghe's Zijin Mining organization — both of which anchor the local state-capital ecosystem. Adjacent philanthropic activity flows through the Zijin Mining Charity Foundation rather than through MinxiXinghang directly, though the two entities' principals overlap. MinxiXinghang's structural distinction lies in its dual identity as both a local economic development fund and a commercial holding company. Unlike a conventional sovereign fund that diversifies globally, it concentrates capital wholly within the county that created it, accepting industrial and geographic concentration risk in exchange for direct alignment with Shanghang's fiscal and employment priorities. This architecture — a county-level SOE holding company with deep mineral rights exposure — is typical of resource-endowed inland Chinese counties but rare among the institutional allocators that populate global family-office and LP databases.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Real Estate
- Industrial Tech
- Mobility & Transportation

## People

- Li Jian — Chairman and General Manager
- Shanghang County Finance Bureau — Ultimate Controlling Shareholder

## Questions

### What is MinxiXinghang's relationship with Zijin Mining?

MinxiXinghang is a Shanghang County state-owned investment vehicle that holds indirect exposure to Zijin Mining, China's largest gold miner and a major copper producer. Zijin Mining was originally founded as a county enterprise under Shanghang's government and remains headquartered there. Chen Jinghe, Zijin's Chairman, is identified as a business partner in MinxiXinghang's state-owned asset management activities, reflecting the deep integration between the county government's investment arm and its most significant corporate entity.

### Who controls MinxiXinghang?

The Shanghang County Finance Bureau is the ultimate controlling shareholder, making MinxiXinghang a wholly county-owned entity within China's state-asset supervision framework. Li Jian serves as Chairman and General Manager, carrying out the bureau's investment mandate. This places it at the local-government tier of China's three-level state-owned capital management system, below provincial and central SASAC levels.

### What assets does MinxiXinghang actually hold?

The firm's portfolio includes the Tingjiang Hydropower Station, stakes in the Shanghang Jiaocheng Expressway and county railway construction projects, Shanghang Xinyuan Water Supply utility, and commercial property in Lincheng Town. It also holds gold and copper exposure through its relationship with Zijin Mining. These assets span power generation, transport infrastructure, water utilities, mining, and commercial real estate — all of them physically located within Shanghang County, Fujian.

## Related profiles

- [Minxin Capital Investment Management](https://altss.com/profile/minxin-capital-investment-management)
- [Mirabaud Canada](https://altss.com/profile/mirabaud-canada)

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Last updated: 2026-07-06T00:36:16.776Z

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