# Ningbo Huashang Holding Group

Ningbo Huashang Holding Group is an Asset Manager based in Ningbo, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Ningbo, China
- **Region:** Asia
- **Address:** Ningbo, Zhejiang, China
- **Founded:** 1980
- **Assets under management:** Undisclosed
- **Website:** nbhsjt.com
- **LinkedIn:** linkedin.com/company/ningbo-huaxiang-group-co.-ltd.

## Regulatory record

- **Reports private funds:** No

## About

Ningbo Huashang Holding Group was established in 1980 by Chen Zhuojun as an industrial and investment enterprise headquartered in Ningbo, a major port city in Zhejiang province. The firm traces its origins to petrochemical and supply-chain partnerships with China National Petroleum Corporation (CNPC) and Sinopec, relationships that anchor its industrial investment activities today. Unlike a pure single-family office or institutional fund manager, Huashang operates as an operating holding group, with direct ownership stakes in real assets alongside its financial portfolio. The group allocates capital across four principal verticals: industrial operations, private equity, real estate, and finance. Its industrial exposure centers on petrochemical products and supply-chain infrastructure, reflecting the founder's longstanding links to China's state-owned energy majors. The real estate strategy concentrates on commercial assets within Ningbo, including the mixed-use Huashang Building in the Ningbo High-tech Zone and a portfolio of warehouses and offices. On the private equity side, the group pursues direct investments in China-based enterprises, though specific portfolio companies are not publicly disclosed. Its geographic focus remains domestic, with assets concentrated in Zhejiang province. Chen Zhuojun leads the group as Chairman, with key shareholders and directors Huang Yuxian and Du Lihong forming the core governance group alongside Vice President He Weixiang. The firm maintains institutional ties through Chen's membership in the Ningbo Entrepreneurs Association, a regional business network. The group participates in philanthropic activity through the Ningbo Entrepreneurs Association Charity Fund. The group's structure as a privately held operating holding company — rather than a regulated fund manager or a segregated family office — is its defining architectural feature. It does not report to external limited partners and does not publicly market fund vehicles. This governance model allows the firm to allocate between operating subsidiaries and investment positions without the typical constraints of fund-life cycles or external redemption pressures.

## Sectors

- Industrial Tech
- Real Estate
- Private Equity
- Energy Transition & Renewables

## People

- Chen Zhuojun — Chairman and Founder
- Huang Yuxian — Director and Key Shareholder
- Du Lihong — Director and Key Shareholder
- He Weixiang — Vice President

## Questions

### Who controls Ningbo Huashang Holding Group?

Chen Zhuojun is the founder and Chairman of the group, and he serves as its major shareholder. The core leadership includes directors and key shareholders Huang Yuxian and Du Lihong, along with Vice President He Weixiang. The group operates as a privately held entity without external limited partners.

### What is the group's relationship with CNPC and Sinopec?

Ningbo Huashang Holding Group maintains supply-chain and petrochemical partnerships with both China National Petroleum Corporation (CNPC) and Sinopec. These relationships date back to the firm's early history and underpin its industrial investment activities. The partnerships are operational in nature, involving the supply and distribution of petrochemical products.

### Does the group raise external capital or manage third-party funds?

There is no public evidence that Ningbo Huashang Holding Group raises capital from external investors or manages commingled fund vehicles. The firm operates as a private holding company deploying its principals' own capital across industrial operations, real estate, and private equity investments.

### What real estate assets does the group own?

The group owns a portfolio of commercial real estate assets concentrated in Ningbo, Zhejiang province. Its signature holding is the Huashang Building, a mixed-use property located in the Ningbo High-tech Zone. The portfolio also includes warehouses and office properties within the city.

## Related profiles

- [Ningbo Equity Exchange](https://altss.com/profile/ningbo-equity-exchange)
- [Ningbo Junsheng Intelligent Vehicle Union](https://altss.com/profile/ningbo-junsheng-intelligent-vehicle-union)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/ningbo-huashang-holding-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology