# Yuecai Holdings

Yuecai Holdings is a Government / Public Body based in Guangzhou, China.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Guangzhou, China
- **Region:** Asia
- **Address:** Guangzhou, Guangdong, China
- **Assets under management:** Undisclosed
- **Website:** yuecai.com
- **LinkedIn:** linkedin.com/company/guangdong-yuecai-venture-capital-co.-ltd.

## Regulatory record

- **Reports private funds:** No

## About

Yuecai Holdings is a government agency based in Guangzhou, China. It manages approximately $63.8 billion in assets across five funds, primarily focused on the Asia region.

## Sectors

- Semiconductors
- Aviation & Aerospace
- Real Estate
- Infrastructure

## People

- Jin Shenghong — Chairman

## Questions

### Who controls Yuecai Holdings?

The Guangdong Provincial Department of Finance is the ultimate controlling shareholder and funder of Yuecai Holdings. The firm operates as a provincial government investment vehicle, executing industrial policy objectives set by Guangdong's leadership. Its chairman, Jin Shenghong, serves at the intersection of fiscal policy and strategic investment deployment.

### What is Yuecai's mandate in China's semiconductor industry?

Yuecai anchors the Guangdong Semiconductor and Integrated Circuit Industry Equity Investment Fund (Phase II), a dedicated state-capital vehicle targeting chip fabrication and design capacity within Guangdong province. This aligns with national efforts to build a self-sufficient semiconductor supply chain. The fund represents one of the larger provincial-level commitments to onshore integrated circuit production.

### How does Yuecai participate in aviation investments?

Yuecai co-invests in China Aviation Industry General Aircraft Co. (CAIGA) alongside the Aviation Industry Corporation of China (AVIC), the state-owned aerospace and defense champion. This positions Yuecai within the general aviation segment of China's broader aerospace buildout, a sector identified for expansion under national industrial plans.

### Does Yuecai Holdings disclose its assets under management publicly?

No. As a provincial government investment vehicle, Yuecai does not publicly disclose assets under management or detailed financial statements. Its capital base is sourced from Guangdong's provincial fiscal resources but quantified totals are not released to public markets or international allocators.

### What commercial real estate assets does Yuecai hold?

Confirmed commercial property holdings include the JW Marriott Hotel Beijing Central in Xicheng District, Beijing, and the Yuecai Building in Jida, Xiangzhou District, Zhuhai, Guangdong. These assets serve operational needs and reflect a portfolio that mixes strategic infrastructure with income-producing real estate.

### What is the Yuecai Holdings Rural Revitalization Program?

This is the firm's philanthropic structure, channeling capital toward rural development initiatives within Guangdong province. It aligns with China's broader 'common prosperity' policy agenda, which encourages state-linked enterprises to fund poverty alleviation and regional development. Specific grant amounts or program beneficiaries are not publicly detailed.

### Can external institutional investors co-invest alongside Yuecai Holdings?

There is no public record of external institutional co-investor programs or limited partner structures at Yuecai. Its co-investment partnerships — such as the joint commitment to CAIGA with AVIC — appear to occur between state-owned entities rather than through open fund vehicles accessible to private capital.

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

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