# Municipal Engineering Consulting Fund

Municipal Engineering Consulting Fund is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** 北京市朝阳区东八里庄华腾世纪总部公园9号楼, Beijing, China
- **Founded:** 1986
- **Assets under management:** Undisclosed
- **Website:** becc.com.cn

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1986, the firm operates as a hybrid consultancy-and-capital platform under the oversight of Beijing State-owned Capital Management Center. Wang Geping leads as party secretary and chair, with general manager Wang Changjiang running the day-to-day P&L. The entity’s roots are in feasibility research and construction agency services for municipal projects, most visibly the Beijing sub-center administrative district, Huairou Science City coordination studies, and the full-cycle development of a Xiong’an New Area hospital project entrusted by Beijing. The group deploys through two distinct channels. Its consulting division captures fees on government-led infrastructure: site-selection planning for Beijing’s new airport, owner’s-representative duties on the National Speed Skating Oval, and cost-consulting contracts for state-owned enterprises relocating their headquarters to Xiong’an. On the investment side, the firm manages two captured venture vehicles — GGF and Beijing Create Strategic Emerging Industry Venture Investment Fund — targeting early-stage technologies that align with municipal industrial policy. The geographic footprint runs from core Beijing through the Bohai Rim, with a material weighting toward Xiong’an New Area where a subsidiary recently won the first headquarters-level cost-consulting mandate from a batch of centrally administered enterprises being relocated to the zone. Team or deployment figures are not publicly disclosed, but the group’s footprint extends through multiple subsidiaries including a specialist cost-consulting arm that in April 2026 notched its second consecutive “Excellent Tendering Agency” award from the Xiong’an authorities. Adjacent vehicles appear limited to the operating company itself; the website frames the entity as a wholly commercial state enterprise without a separate philanthropic foundation. In May 2026, chairman Wang Geping led a delegation to the Beijing Economic-Technological Development Area administrative committee, signaling continued pursuit of large-scale district-development mandates. Structurally, the firm is unusual among China’s state-capital platforms: it pairs a fee-driven consultancy balance sheet with captive LP commitment vehicles, retaining the ability to originate deal flow from the feasibility-study stage while committing fund capital to ventures that may later become concession assets. No external LPs are mentioned, making the capital base fully state-owned and the investment decisions tightly coordinated with municipal planning cycles.

## Sectors

- Infrastructure
- Real Estate

## People

- 王革平 — 党委书记、董事长
- 王长江 — 党委副书记、董事、总经理
- 张晓妍 — 党委副书记、职工董事、工会主席

## Questions

### Who runs investment decisions at the Municipal Engineering Consulting Fund?

The firm is chaired by Wang Geping as party secretary and top decision-maker, with general manager Wang Changjiang handling the operating P&L. Because the entity reports into the Beijing State-owned Capital Management Center, ultimate investment committee authority sits with state-asset overseers. Day-to-day venture allocations flow through the GGF and Beijing Create Strategic Emerging Industry Venture Investment Fund vehicles.

### Does the firm participate in fund commitments or only direct deals?

It operates both direct project investments via its consulting-engineering mandates and LP commitments through its two named venture funds, GGF and Beijing Create Strategic Emerging Industry Venture Investment Fund. The fund vehicles back early-stage companies aligned with Beijing’s strategic industrial priorities, while the parent company takes direct fee-earning roles on municipal infrastructure projects.

### What geographies does the Municipal Engineering Consulting Fund cover?

The group is deeply concentrated in the Beijing-Tianjin-Hebei region. Headquartered in Beijing’s Chaoyang District, it has won major contracts in the Beijing municipal sub-center, Daxing Airport, Huairou Science City, and the Xiong’an New Area in Hebei. No international offices or cross-border mandates appear on its current website.

### What is the Municipal Engineering Consulting Fund’s posture on external co-investors or LP relationships?

There is no public evidence that the firm accepts external limited partners. Its venture funds appear to be fully capitalized by the state-owned parent, and the consulting arm services government clients on a fee-for-project basis. Co-investment sidecars alongside private GPs are not mentioned.

### What kind of projects does the Municipal Engineering Consulting Fund typically bid on?

Contract types span pre-feasibility study, full-cycle project management, and specialist cost consulting. Representative mandates include the National Speed Skating Oval feasibility report, Beijing New Airport site selection, Hua Xia Bank's new headquarters in the sub-center, and cost-consulting supervision for centrally administered enterprises relocating to Xiong’an New Area.

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

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