# Zhejiang Qingniao Tourism Investment Group

Zhejiang Qingniao Tourism Investment Group is a Corporate Investor based in Hangzhou, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** Hangzhou, Zhejiang, China
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Zhejiang Qingniao Tourism Investment Group is a corporate investor based in Hangzhou, China. It focuses on investments in Asia. The group has committed to one fund.

## Sectors

- Real Estate
- Hospitality & Leisure

## People

- Yao Xinyi — Founder
- Yao Xinquan — Significant Shareholder
- Yao Suya — Legal Representative

## Questions

### Who controls Zhejiang Qingniao Tourism Investment Group?

Founder Yao Xinyi (姚新义) controls the group through his position at the helm of DunAn Group. His brother Yao Xinquan (姚新泉) holds a 40.76% equity stake, and Yao Suya (姚素亚) serves as the group's legal representative. The trio's overlapping roles make this a family-directed corporate investment platform.

### How is Qingniao Tourism related to DunAn Group?

Qingniao operates as the tourism and real-estate investment arm of the DunAn industrial conglomerate. It is not a separate fund or external manager — it deploys DunAn's corporate balance sheet into property and tourism projects, giving it a direct, proprietary investment posture rather than a fiduciary one.

### What does Qingniao's real asset portfolio actually consist of?

Known holdings are concentrated in large-scale physical assets: a commercial tower in Hangzhou's Binjiang District, the Shenyang DunAn New City mixed-use development in Liaoning, and a tourism land project at Jiande Fuchunjiang National Forest Park. The portfolio also includes a private art collection in Hangzhou tied to Yao Xinyi.

### Why did Qingniao sell assets to Zijin Mining Group in 2022?

The 2022 asset bundle sale to Zijin Mining represented a portfolio rationalization event within the DunAn ecosystem. While specific deal motivations remain private, such transactions often indicate either liquidity needs at the parent level or a strategic rotation away from non-core assets under corporate restructuring.

### What network advantages does Qingniao draw on for deal flow?

Founder Yao Xinyi's leadership role within the Zhejiang Chamber of Commerce (Zheshang) gives the group access to one of China's most influential private-sector networks. This association — common among Zhejiang industrialists — provides informal sourcing, co-investor matching, and policy insight that corporate investment arms outside such networks lack.

## Related profiles

- [Zhejiang Publishing United Group](https://altss.com/profile/zhejiang-publishing-united-group)
- [Zhejiang Qizhen Innovation Center](https://altss.com/profile/zhejiang-qizhen-innovation-center)

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

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