# Ningbo Yongyuan Investment Fund

Ningbo Yongyuan Investment Fund is an Asset Manager based in Ningbo, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Ningbo, China
- **Region:** Asia
- **Address:** Ningbo, China
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Ningbo Yongyuan Investment Fund is a China-based investment company. It has invested in three funds. Its regional focus is Asia.

## Sectors

- Industrial Tech
- Mobility & Transportation
- Enterprise Software

## People

- Wu Bingcan — Chairman and General Manager

## Questions

### Who runs investment decisions at Ningbo Yongyuan?

Wu Bingcan serves as Chairman and General Manager, commanding investment strategy for the firm. As the sole named executive in public filings, he represents the ultimate investment authority, operating under the ownership of Ningbo Finance Holding Co., Ltd.

### Is Ningbo Yongyuan structured as an independent fund or a state vehicle?

It is a wholly owned subsidiary of Ningbo Finance Holding Co., Ltd., a municipal state-owned enterprise. This ownership means the firm's capital draw, mandate, and ultimate accountability trace directly to the Ningbo municipal government, not to a consortium of external limited partners.

### How does the firm source its deals?

Ningbo Yongyuan sources deals by forming co-investment vehicles with China's largest state-owned industrial champions. These partnerships embed the firm directly into CATL's battery supply chain, SAIC Motor's automotive ecosystem, and CRRC Capital's rail and industrial network, making deal flow a function of supply-chain integration rather than open-market origination.

### Which investment stages does Ningbo Yongyuan target?

The firm invests across early-stage, seed, start-up, and expansion-stage venture capital rounds. It does not restrict itself to a single stage, reflecting the long-term, policy-driven industrial mandate of its state parent rather than a fixed-duration fund cycle.

## Related profiles

- [XCMG Industrial Investment and Development](https://altss.com/profile/xcmg-industrial-investment-and-development-xuzhou)
- [Fuyang Fuhe Investment Fund](https://altss.com/profile/fuyang-fuhe-investment-fund)

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

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