Xinyu Dianfeng Yiguang Capital

The firm is domiciled in Xinyu, a city in Jiangxi province that became a significant hub for Chinese private fund registration after the mid-2010s. Local authorities offered tax incentives and simplified incorporation procedures, attracting thousands of RMB fund managers. While registration occurs in Xinyu, investment operations are commonly run from larger financial centers — in this firm's case, Beijing. This dual-location structure is a well-established pattern in Chinese private equity.

The firm operates as a domestic RMB fund, given its registration in a Chinese onshore jurisdiction and the absence of any US dollar vehicle filings. RMB funds in China raise capital from domestic limited partners including government guidance funds, state-owned enterprises, insurers, and high-net-worth individuals. They are subject to the Asset Management Association of China's regulatory framework rather than offshore Cayman or Delaware structures used by USD funds.