# Tongfu Capital Holding

Tongfu Capital Holding is an Asset Manager based in Tianjin, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tianjin, China
- **Region:** Asia
- **Address:** Tianjin, China
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** https://tongfusoft.com
- **LinkedIn:** https://linkedin.com/company/tongfu

## Regulatory record

- **Reports private funds:** No

## About

Tongfu Capital Holding is a Chinese investment company with its headquarters in Tianjin.

## Sectors

- Real Estate
- Energy Transition & Renewables
- Infrastructure

## Offices

- Beijing, China

## People

- Liang Shiping — Vice General Manager, China Communications Services Corporation Limited

## Questions

### Who ultimately controls Tongfu Capital Holding?

Tongfu Capital Holding is a wholly-owned subsidiary of China Communications Services Corporation (CCS), a company listed on the Hong Kong Stock Exchange. CCS itself is majority-controlled by China Telecommunications Corporation, the state-owned parent of China Telecom. This chain makes the firm an indirect vehicle of the Chinese state.

### What is the relationship between Tongfu Capital and China Telecom?

China Telecommunications Corporation is the ultimate controlling parent, sitting above China Communications Services Corporation (CCS), which directly owns Tongfu Capital. China Telecom operates the country's largest fixed-line network, and CCS provides engineering, construction, and IT services to telecom operators. Tongfu Capital manages investment assets that fall outside CCS's core engineering operations.

### What assets has Tongfu Capital confirmed holding?

Public records confirm two asset categories. In commercial real estate, the firm owns the Xintong Mansion office building at 8 Beijing Station East Street in Dongcheng District, Beijing. In energy infrastructure, it holds distributed photovoltaic projects in Ningxia, developed through a joint venture called Zhongtong Lvneng with Guangdong Tongyu Communication Inc.

### How does Tongfu Capital's structure differ from a standard Chinese sovereign wealth fund?

Unlike CIC or SAFE, which pool state capital from multiple sources to invest globally, Tongfu Capital is a single-entity subsidiary tied to one operational parent. It has no external fundraising mandate, no sovereign wealth fund designation, and no visible international portfolio. Its remit is corporate balance-sheet management for CCS, not national reserve allocation.

## Related profiles

- [Tongcai Capital](https://altss.com/profile/tongcai-capital)
- [Tongge Venture](https://altss.com/profile/tongge-venture)

---

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

Canonical page: https://altss.com/profile/tongfu-capital-holding

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