# Xingtai Capital

Xingtai Capital is a Private Equity based in Hong Kong, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hong Kong, China
- **Region:** Asia
- **Address:** Hefei, China
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** xingtaicap.com
- **LinkedIn:** https://www.linkedin.com/company/xingtai-capital-management

## About

Xingtai Capital is a value-driven investor in Chinese growth. It manages a long only China equity fund whose strategy is high conviction, fundamental and bottom up. The firm runs a strategy of capturing growth with a value overlay, leading to differentiated exposure and low correlation with the index.

## Sectors

- Consumer
- Technology

## Offices

- Shanghai, China
- Hong Kong

## People

- Michelle Leung — Founding Partner and Chief Executive Officer
- Bingchao Cao — Partner and Chief Investment Officer

## Questions

### Where does Xingtai Capital's team experience come from?

CEO Michelle Leung previously served as a Partner at Lunar Capital, a Chinese consumer private equity fund, and as COO of TOM Group, a Hutchison Whampoa associate. She also worked in investment banking at Goldman Sachs in Hong Kong and New York. CIO Bingchao Cao managed a Greater China portfolio at Lombard Odier, and worked as a senior analyst at Citadel and SAC Capital Advisors. Both hold degrees from Harvard Business School and Tsinghua University/Dartmouth College respectively.

### What is Xingtai Capital's regulatory posture?

Xingtai Capital Management Limited is licensed by the Hong Kong Securities and Futures Commission to conduct Type 9 (asset management) regulated activity under CE number BBU259. The Shanghai office conducts investment research, but the regulated entity and client-facing operations are anchored in Hong Kong. This subjects the firm to Hong Kong's regulatory framework rather than mainland China's asset management rules.

## Related profiles

- [Xingrong Investment](https://altss.com/profile/xingrong-investment)
- [Xingtao Investment](https://altss.com/profile/xingtao-investment)

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Last updated: 2026-08-11T15:08:42.881Z

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