# Zhejiang Zhongfang Holding Group

Zhejiang Zhongfang Holding Group is a Corporate Investor based in Hangzhou, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** Hangzhou, Zhejiang, China
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** www.ztex.cn
- **LinkedIn:** linkedin.com/company/zhejiang-zhongfang-holding-group-co.-ltd.

## Regulatory record

- **Reports private funds:** No

## About

Zhejiang Zhongfang Holding Group was founded in 1996 by Yao Weizhong, who retains 70% ownership and serves as Chairman. The group's wealth originates in textile manufacturing, producing suit, leisure, and sports fabrics from its Hangzhou base. Its supply chain partnerships with global brands — Tommy Hilfiger and Uniqlo are confirmed clients — provide the operating cash flow that funds its investment activities. The group deploys capital across three distinct tracks. First, direct industrial real estate: the Zhejiang Zhongfang Industrial Park in Xiaoshan District and a high-grade garment fabric technical transformation project represent self-developed manufacturing infrastructure. Third, fixed-asset accumulation within Zhejiang province, consistent with Chinese industrial holding companies that reinvest profits into land and equipment. No publicly disclosed figures exist for total deployment or fund commitment sizes. The group operates from a single headquarters in Hangzhou, with its industrial park and relocation project both situated in Zhejiang. A Zhejiang Zhongfang Charity Fund handles philanthropic activity, structurally separate from the holding company. No recent operational events within the last 24 months have been publicly reported, limiting visibility into current investment pace. What distinguishes Zhejiang Zhongfang is its hybrid architecture — a legacy textile manufacturer functioning as a corporate VC limited partner. Unlike pure family offices that manage liquid wealth, this group's investment capacity is tethered to operating cash flows from fabric production, making its deployment pace contingent on industrial margins.

## Sectors

- Real Estate
- Industrial Tech

## People

- Yao Weizhong — Chairman

## Questions

### What is the source of Zhejiang Zhongfang's investment capital?

The group's capital comes from retained earnings in textile manufacturing — specifically suit, leisure, and sports fabric production. Tommy Hilfiger and Uniqlo are confirmed supply-chain clients, providing revenue that funds investments in real estate, fixed assets, and venture capital funds.

### Does Zhejiang Zhongfang invest directly in startups or through funds?

The group participates as a limited partner in venture capital funds rather than making direct startup investments. Its known co-investment partner is Suzhou Venture Capital Group, with whom it has committed to multiple VC funds.

### What does Zhejiang Zhongfang's industrial real estate portfolio include?

Confirmed assets include the Zhejiang Zhongfang Industrial Park in Xiaoshan District, Hangzhou, and a high-grade garment fabric technical transformation and relocation project, also in Hangzhou. Both serve the group's core textile operations.

## Related profiles

- [Zhejiang Yusheng Trading](https://altss.com/profile/zhejiang-yusheng-trading)
- [Zhejiang ZoneBanner JiuZhou Group](https://altss.com/profile/zhejiang-zonebanner-jiuzhou-group)

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Last updated: 2026-08-11T02:43:31.692Z

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