Updated:
Qingdao Goldstone Haorui Investment
Chen Pingjin leads Qingdao Goldstone Haorui, the CITIC Securities-backed investment arm targeting Chinese venture and real estate.
Qingdao Goldstone Haorui Investment
Qingdao Goldstone Haorui Investment operates as a direct investment vehicle under GoldStone Investment Co., Ltd., the private equity and alternative investment platform of CITIC Securities. The firm is registered in Qingdao, Shandong province, with Chen Pingjin listed as legal representative, director, and manager. Its mandate draws on the balance sheet of China's largest full-service investment bank by market capitalization. The firm deploys capital across the venture lifecycle, from seed and start-up rounds through to growth and late-stage expansion. Its asset mix spans generalist venture — targeting early-stage Chinese companies — and physical real estate. A documented project is the Rightway Real Estate mixed-use development in Hunan province, signaling an appetite for direct property plays alongside its principal investment activity. The geographic focus remains on mainland China, with decisions routed through the Qingdao headquarters. The parent structure mitigates external fundraising pressure. CITIC Securities, listed in Shanghai and Hong Kong, provides the capital base, while GoldStone Investment oversees strategy. The firm shares in the broader group's philanthropic orientation through the CITIC Securities Charity Foundation. No independent fundraising vehicles or third-party committed capital have been publicly disclosed, reinforcing the proprietary-capital model. Its structural distinction lies in the nested parentage: a securities firm's alternative-investment subsidiary acting as sole proprietor, rather than the more common independent fund-manager structure. This architecture merges investment-operating agility with the permanent capital and deal-sourcing networks of a state-backed financial conglomerate.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Qingdao
Corporate office
Qingdao, Shandong, China
Principals
Chen Pingjin
Legal Representative, Director, Manager
Sector focus
Frequently asked questions
Who ultimately controls 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.
What is the relationship between Qingdao Goldstone Haorui and CITIC Securities?
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.
Does the firm manage outside LP capital or only proprietary funds?
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.
What investment stages does Qingdao Goldstone Haorui target?
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.
What real estate exposure does the firm carry?
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: