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Shenzhen Jianxin Investment Development
Zhang Faxun directs Shenzhen Jianxin Investment Development, a China Cinda subsidiary executing urban renewal projects in Guangdong.
Shenzhen Jianxin Investment Development
Shenzhen Jianxin Investment Development operates as a direct investment arm of Cinda Investment Co., Ltd., which itself is wholly owned by China Cinda Asset Management — one of China's four state-owned bad-debt managers established in 1999. The firm's legal and operational architecture places it squarely within the state-directed ecosystem for distressed asset resolution and urban land repurposing. Zhang Faxun serves as Director and Manager, while former Legal Representative Liu Shemei previously held the Executive Director role. The firm's investment posture concentrates on urban renewal projects in the Pearl River Delta. Identified portfolio projects include a mixed-use development on Xin'an Street in Shenzhen's Baoan District, a residential project on Longgang Street in Shenzhen's Longgang District, and a mixed-use development in Dali Town within Foshan's Nanhai District. These are brownfield conversions delivered through the parent's balance sheet, targeting Guangdong's densifying urban corridors where municipal governments partner with state-controlled vehicles to redevelop aging districts. Team scale and total deployment remain opaque, consistent with many subordinate subsidiaries within China's state-owned asset-management hierarchy. No separate fundraising or investor-relations function appears to exist. The firm is not a standalone commercial real estate developer marketing to external LPs; it functions as a project-level execution vehicle for Cinda's urban renewal mandates in Guangdong province. Adjacent vehicles or philanthropic structures have not been disclosed publicly. The structural differentiator is its position inside China's state-owned distressed-asset apparatus. Unlike market-rate developers that bid for greenfield land, Shenzhen Jianxin Investment Development inherits sites through Cinda's resolution of non-performing loan portfolios, often acquiring land-use rights at a discount. This sourcing model gives it a cost basis that independent developers cannot replicate, at the cost of being fully embedded in policy-directed rather than purely return-driven capital allocation.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Shenzhen
Corporate office
Shenzhen, Guangdong, China
Principals
Zhang Faxun
Director and Manager
Liu Shemei
Former Executive Director and Legal Representative
Sector focus
Frequently asked questions
Who ultimately controls Shenzhen Jianxin Investment Development?
The firm is 100% owned by Cinda Investment Co., Ltd., which is wholly owned by China Cinda Asset Management Co., Ltd. China Cinda is one of China's four state-owned asset management corporations, established in 1999 to absorb non-performing loans from the state banking system. Ultimate control traces to the Chinese state through Central Huijin Investment and the Ministry of Finance.
How does the firm source its development projects?
Project sourcing flows through China Cinda's distressed-asset resolution pipeline. When Cinda acquires non-performing loan portfolios secured by land-use rights in Guangdong, viable sites can be transferred to Shenzhen Jianxin Investment Development for urban renewal rather than liquidated on the open market. This gives the firm a below-market cost basis on land that independent developers cannot easily replicate.
What types of real estate does the firm develop?
Identified projects cluster in urban renewal — the conversion of aging or underutilized urban plots into modern mixed-use and residential developments. Public record shows active projects in Shenzhen's Baoan and Longgang districts and in Foshan's Nanhai District. The portfolio leans toward mid-density residential and mixed-use rather than commercial office or industrial assets.
Does the firm raise external capital or accept co-investors?
There is no public evidence of third-party fundraising, co-investment programs, or LP relationships. The firm appears to be funded entirely through its parent's balance sheet, consistent with a wholly owned project-execution subsidiary inside a state-owned asset management group.
What is the relationship between Shenzhen Jianxin Investment Development and China Cinda's broader real estate strategy?
Shenzhen Jianxin Investment Development functions as a dedicated onshore vehicle for Guangdong-focused urban renewal execution. China Cinda's real estate exposure spans multiple subsidiaries, including Cinda Real Estate, but this particular entity concentrates on converting distressed land assets in the Pearl River Delta into developable projects, feeding into Cinda's broader strategy of extracting recovery value from NPL portfolios through physical asset repositioning rather than pure financial sale.
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