# Xinhui Venture Capital

Xinhui Venture Capital is a Venture Capital based in Changzhou, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Changzhou, China
- **Region:** Asia
- **Address:** Changzhou, Jiangsu, China
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Xinhui Venture Capital is a corporate investor based in Changzhou, China. It has invested in five funds. Its geographic focus is Asia.

## Sectors

- Enterprise Software
- Industrial Tech
- Semiconductors
- Real Estate

## People

- Liu Zhihong — Founder

## Questions

### How does Xinhui Venture Capital source deals?

Xinhui sources primarily through Liu Zhihong's personal network in Jiangsu, formalized via overlapping directorships. Govtor Capital provides access to provincial government-guided venture funds and local industrial champions, while Huatai Securities offers visibility into pre-IPO and structured equity opportunities across its broader investment banking pipeline.

### Is Xinhui a pure venture investor or does it take operating-company stakes?

Xinhui functions as a corporate investor rather than a pure venture fund. Liu Zhihong's concurrent roles — including supervisory positions at Huatai Securities investment units and prior oversight at Govtor Capital — give Xinhui a posture closer to a holding company that seeds, incubates, and occasionally controls portfolio entities. The recorded real estate exposure through Jiangsu Wanhao reinforces this multi-asset approach.

### What relationship does Xinhui have with Huatai Securities?

Liu Zhihong has held director and supervisor positions within multiple Huatai Securities investment subsidiaries. These roles create a structural alignment where Xinhui's portfolio companies can intersect with Huatai's underwriting, advisory, and co-investment activities — a common pattern among Chinese corporate investors who use securities-firm ties as a capital-multiplier mechanism.

### Does Xinhui invest outside of China?

The firm's recorded investment footprint is entirely domestic Chinese. The one apparent exception — a structured crypto initiative involving NASDAQ-listed Jiuzi Holdings — was routed through an offshore-listed but operationally China-based entity, maintaining the onshore orientation even in cross-border structures.

### What is Xinhui's known posture on semiconductor and EDA investments?

Xinhui has a direct exposure through Primarius Electronics, a domestic EDA software company servicing Chinese chip-design workflows. Given Beijing's drive for semiconductor self-sufficiency and Jiangsu's concentration of fabrication and packaging industries, the firm's hardware and industrial tech focus aligns with state-priority sectors.

### How is Xinhui Venture Capital related to Govtor Capital?

Liu Zhihong previously held a supervisory role at Govtor Capital (Jiangsu Govtor Venture Capital Management), Jiangsu's state-backed venture platform. The relationship has persisted into his current deal activity, with Govtor effectively functioning as a co-investor and sourcing partner for provincial industrial and technology deals.

## Related profiles

- [Xinhua Daily Media Group](https://altss.com/profile/xinhua-daily-media-group)
- [Xinjiang Transportation Investment](https://altss.com/profile/xinjiang-transportation-investment)

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

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