# Shenzhen Baiyeyuan Investment

Shenzhen Baiyeyuan Investment is an Asset Manager based in Shenzhen, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shenzhen, China
- **Region:** Asia
- **Address:** Shenzhen, China
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **LinkedIn:** linkedin.com/company/深圳市投资控股有限公司

## Regulatory record

- **Reports private funds:** No

## About

Shenzhen Baiyeyuan Investment is a Shenzhen-based investment company. It manages approximately $6.3 billion in assets across two funds, primarily focusing on Asia.

## Sectors

- Healthcare Services
- FinTech
- Pharmaceuticals

## People

- Zhu Baoguo — Founder
- Liu Guangxia — Vice Chairman, Joincare

## Questions

### Who runs investment decisions at Shenzhen Baiyeyuan Investment?

Founder Zhu Baoguo is the de facto controller with a 90% ownership stake, making him the central decision-maker on all capital allocations. His spouse, Liu Guangxia, holds the remaining 10% but there is no public evidence of a formal investment committee or external advisors shaping the portfolio. The governance structure is personal and concentrated, typical of Chinese industrialist family investment vehicles.

### What is Shenzhen Baiyeyuan Investment's relationship to Joincare Pharmaceutical?

The firm's capital originates from Joincare Pharmaceutical Group, where Zhu Baoguo is chairman and his spouse is vice-chairman. Shenzhen Baiyeyuan directly holds the Joincare Pharmaceutical Group Building in Shenzhen as a commercial property asset, and the investment company functions as a separate entity for managing wealth accumulated from the pharmaceutical business.

### What is the WeBank investment, and why is it significant?

WeBank is China's first digital-only bank, launched in 2014 with Tencent as the lead shareholder at 30%. Shenzhen Baiyeyuan Investment holds a 20% equity stake, equal to co-investor Shenzhen Liye Group, making it the second-largest shareholder. The position ties Baiyeyuan directly to Tencent's fintech strategy and represents a large, concentrated bet on China's digital banking sector.

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

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