# Shanghai To-Win Investment Development

Shanghai To-Win Investment Development is a Corporate Investor based in Shanghai, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Assets under management:** Undisclosed
- **LinkedIn:** linkedin.com/company/shanghai-winning-real-estate-development-co.-ltd.

## Regulatory record

- **Reports private funds:** No

## About

Shanghai To-Win Investment Development is a corporate investor based in Shanghai, China. It manages around $73.12 million in assets, primarily focusing on investments in Asia.

## Sectors

- Real Estate
- Industrial Tech
- Mixed-Use Development

## People

- Pan Jianqing — Founder and Actual Controller

## Questions

### How is Shanghai To-Win related to TDG Holding?

TDG Holding is the publicly listed entity that serves as Shanghai To-Win's strategic partner and frequent co-investor. Pan Jianqing chairs both entities, and the real estate firm effectively functions as a private extension of the manufacturing group's investment activity, recycling industrial profits into property assets. The two share ownership through cross-holdings and project-level co-investment vehicles.

### What property types and geographies does Shanghai To-Win focus on?

The portfolio includes residential developments (Shangcheng International, World Trade Oasis), commercial complexes (Shanghai City), mixed-use projects (Tianying Star City), and industrial parks (Jiaxing Industrial Park). Geographic concentration is almost entirely within Anhui, Jiangsu, and Zhejiang provinces in eastern China, with no disclosed holdings in tier-1 cities or international markets.

### Who is Minfeng Special Paper and what is its role in Shanghai To-Win?

Minfeng Special Paper is a Shanghai-listed manufacturer of specialty papers that holds approximately 25.86% of Shanghai To-Win. The investment represents an industrial cross-holding rather than a passive financial investment, linking two manufacturing-derived entities in a shared property portfolio. Minfeng's board and Pan Jianqing's network overlap through these equity ties, though operational control remains with Pan.

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

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