Qingdao Goldstone Haorui Investment

The firm is a wholly-owned subsidiary of GoldStone Investment Co., Ltd., which itself is the direct alternative-investment arm of CITIC Securities Company Limited. Chen Pingjin serves as the onshore legal representative and manager. Ultimate control traces back to CITIC Securities, one of China's largest state-backed investment banks, listed on the Shanghai and Hong Kong stock exchanges.

CITIC Securities is the ultimate parent company, providing the proprietary capital and institutional backing. GoldStone Investment, the direct parent, functions as CITIC Securities' wholly-owned private equity and alternative investment subsidiary. Qingdao Goldstone Haorui is one of several onshore direct-investment entities GoldStone uses to execute local deals in specific Chinese geographies.

Current public records indicate a proprietary-capital model drawn from the CITIC Securities balance sheet. No third-party limited partnerships, fund of funds, or external capital-raising registrations have been identified. This aligns with the broader GoldStone Investment structure, which typically invests its parent's capital directly into Chinese private companies and projects.

The firm covers the full venture spectrum — seed, start-up, growth, and late-stage expansion — with a generalist mandate. This flexibility allows it to support early-stage technology or consumer companies while also participating in later rounds as companies mature, consistent with the parent's broad private equity remit across mainland China.

Among the firm's confirmed assets is the Rightway Real Estate Project, a mixed-use development in Hunan province. This indicates a dual-vertical strategy: generalist venture capital alongside direct opportunistic real estate investment, a pairing not uncommon among Chinese securities-firm-backed investment platforms seeking diversification beyond equity stakes.