# Shandong New Growth Drivers Fund Management

Shandong New Growth Drivers Fund Management is a Private Equity based in Jinan, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Jinan, China
- **Region:** Asia
- **Address:** Jinan, Shandong, China
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.sdxdn.com.cn

## Regulatory record

- **Reports private funds:** No

## About

Shandong New Growth Drivers Fund Management is a financial enterprise based in Jinan, China, mainly responsible for the management and operation of the new and old kinetic energy conversion guidance fund.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- Real Estate
- Mobility & Transportation
- Energy Transition & Renewables
- Luxury

## People

- 荣刚 (Rong Gang) — 党委书记、董事长 (Party Secretary & Chairman)
- 张峰 (Zhang Feng) — 党委副书记、董事、总经理 (Deputy Party Secretary, Director & General Manager)
- 夏新义 (Xia Xinyi) — 党委副书记、董事 (Deputy Party Secretary & Director)

## Questions

### Who makes investment decisions at Shandong New Growth Drivers Fund Management?

The firm is led by Chairman Rong Gang, with General Manager Zhang Feng and Deputy Party Secretary Xia Xinyi forming the disclosed senior leadership. In practice, all major decisions operate within the party committee's collective-leadership framework, while ultimate authority rests with the Shandong provincial finance department, which exercises investor rights on behalf of the provincial government.

### What is the relationship between the firm and the Shandong provincial government?

Shandong New Growth Drivers Fund Management is a provincial backbone financial enterprise — the finance department directly exercises investor rights under provincial government authorization. The firm manages the Old-to-New Growth Driver Conversion Guidance Fund, meaning it serves as both GP and policy implementation arm for Shandong's designated industrial transformation strategy.

### How does the firm's dual-track structure work?

The firm operates a government guidance-fund track — investing into ten priority industries through sub-funds (industrial, project, VC, infrastructure, and industrial-park vehicles) — alongside a separate market-rate investment business. The former advances provincial industrial policy; the latter pursues commercial returns. Each track has distinct capital sources and underwriting logic.

### Which sectors does the firm explicitly target?

The guidance fund targets Shandong's ten designated 'strong industries': next-generation IT, high-end equipment, new energy, new materials, modern marine, healthcare, high-end chemicals, modern agriculture, cultural tourism, and modern financial services. Portfolio examples span silicon carbide substrates (Tianyue), hyaluronic acid (Bloomage), oncology drugs (RemeGen), and heavy trucks (Weichai).

### Has the firm disclosed total assets under management?

No AUM has been publicly disclosed. The entity is registered with RMB 200 billion in capital, but that figure represents authorized capacity rather than fee-earning deployed assets. No external publication or the firm itself has published an AUM number.

## Related profiles

- [Shandong Lucion Investment Holdings Group](https://altss.com/profile/shandong-lucion-investment-holdings-group)
- [Shandong Port Group](https://altss.com/profile/shandong-port-group)

---

Last updated: 2026-05-29T12:13:45.826Z

Canonical page: https://altss.com/profile/shandong-new-growth-drivers-fund-management

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