Shanghai Hemiao Investment

Chen Yue is the founder and majority shareholder, holding 58.33% of the firm (per Altss research). Chen Hui holds the remaining equity as minority shareholder. The firm's public record does not specify an independent investment committee, suggesting decision-making authority rests with Chen Yue as the controlling principal.

The firm operates through a subsidiary called Wailianfa, which houses two distinct arms — a mixed-use real estate portfolio and a general investment portfolio, both based in Shanghai. Shanghai Tailite Economic Development Company Limited is a minority co-investor in Wailianfa, holding 10.24%. This creates a three-layer structure: the parent firm, the subsidiary, and external minority partners at the subsidiary level.

The firm is classified as a generalist asset manager. Its known holdings include a mixed-use real estate portfolio in Shanghai through Wailianfa, but the investment portfolio arm suggests exposure beyond property. Public record does not disclose the full asset-class mix or geographic scope beyond Shanghai.

The capital structure includes family equity — Chen Yue's majority stake and Chen Hui's minority stake — alongside institutional co-investment from Shanghai Tailite Economic Development Company Limited. The firm has not publicly disclosed a specific wealth-origin narrative or operating business that generated the family's capital base.

Du Lin Dong, chairman of China Financial International Investments Limited, has collaborated with Shanghai Hemiao Investment on major capital injections (per Altss research). The precise nature of the relationship — whether advisory, co-investment, or structuring — is not detailed in public records. It ties the firm to a Hong Kong-listed financial platform.