What stage does CITIC Capital Holdings invest at?

CITIC Capital Holdings invests at the Growth, Late Stage stages.

Where is CITIC Capital Holdings located?

CITIC Capital Holdings is headquartered in Hong Kong, HK.

Does CITIC Capital Holdings lead rounds?

Yes, CITIC Capital Holdings leads investment rounds.

CITIC Capital Holdings

Private equity

Hong Kong · Growth–Late Stage · 21 people tracked

Also known as CC CHINA RETAIL PROPERTIES GP LIMITED · CC CHINA RETAIL PROPERTIES MANAGEMENT LIMITED · CC REAL ESTATE ADVISORY LIMITED · CCP GP LTD. · CCP II ADVISORY LTD. · CCP II GP LTD. · Trustar Capital Partners Japan Limited · TRUSTAR CAPITAL PARTNERS LIMITED

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Investment thesis

CITIC Capital positions itself as a China-focused global alternative investment manager aiming to create value for investors through specialized strategies and deep industry expertise. It leverages extensive deal-sourcing capabilities and sector experience to invest in established companies and pursue China-related investment opportunities across diverse asset classes, including private equity buyouts and real estate. Its representative investments span consumer/food service, logistics, digital media, pharmaceuticals and biopharma, software, facility management, and commercial property, reflecting a broad, cross-sector approach centered on the Chinese and Asian markets.

Invests inBiotech Consumer FoodTech Logistics & Supply Chain Media & Entertainment PropTech SaaS Sector AgnosticAsia-PacificChinaGlobalHong KongHong KongJapan

Source: firm website, verified Aug 11, 2026.

Stage

Growth–Late Stage

Hong Kong, HK

Leads rounds

Leads

Instruments

Equity · Debt

Founded

2002

AUM

$14B

Tracked investments

Team · 21 people

from the firm's website

Yichen Zhang· Chairman & CEO· Hong Kong

Chairman and CEO of CITIC Capital Holdings and a member of the CCHL board.

Emil Cheung· Senior Managing Director, Managing Partner· Hong Kong

Oversees the Structured Investment and Finance business; previously worked at Commonwealth Bank of Australia, Societe Generale Asia and Bank of China in investment banking and corporate finance.

Fanglu Wang· Senior Managing Director, Managing Partner· Hong Kong, Beijing

Heads the ESG investment business with over 30 years in capital markets and corporate finance. He previously held roles at HSBC, Merrill Lynch Asia, Citibank Hong Kong and Sakura Global Capital.

Guorong Qian· Vice Chairman· Hong Kong

Leads the culture & tourism investment business; joined in 2002 after roles at CITIC Securities, Ka Wah Capital and China VentureTech. He holds a Ph.D. from the Finance Institute of the People's Bank of China.

Haitao Zhang· Vice Chairman· Hong Kong

Heads Vision Capital, the asset management affiliate, with over 30 years of investment management experience. He was previously CIO at China's State Administration of Foreign Exchange.

Jun Yan· Senior Managing Director· Shenzhen

Oversees the Greater Bay Area business; joined in 2024 after serving at CITIC Financial Assets Management and CITIC Bank Shenzhen Branch, where he was Deputy Branch Manager and Risk Director.

Kenan Wang· Senior Managing Director· Hong Kong

Oversees the Special Investments business; joined in 2017 after over 15 years at China Cinda focused on distressed assets, M&A and special situations. He is a qualified lawyer in China.

Mike Yun-Ku LIN· Senior Vice President, Head of the Equity and Alternative Investment Division

Ryan Liu· Senior Managing Director· Beijing

Responsible for daily management of Vision Capital, the asset management affiliate. Before joining in 2019, he was General Manager at Golden Eagle Asset Management and Guangzhou Securities.

Stanley Ching· Senior Managing Director, Managing Partner· Hong Kong

Oversees investment management and fund operations of the real estate business, with over 20 years of China-focused investment experience at firms including HSBC Group and Societe Generale Asia.

Abdulla Ali AL-KUWARI· Head of Industrials

Head of Industrials at Qatar Investment Authority, serving as a CCHL board member representing shareholder Qatar Holdings.

Aisha Yousuf AL-MOHANNADI· Legal Counsel

Legal Counsel at Qatar Investment Authority, serving as a CCHL board member.

Annie Fung· Chief Operation Officer, Senior Managing Director· Hong Kong

COO and Senior Managing Director of CITIC Capital Holdings and a CCHL board member.

Catherine LEUNG· Vice General Manager, Strategy Development Department

Vice General Manager in Tencent Holdings' Strategy Development Department, serving as a CCHL board member representing shareholder Tencent.

Eric Chan· Chief Financial Officer, Chief Investment Officer, Senior Managing Director· Hong Kong

CFO and CIO of CITIC Capital heading various Principal Investments businesses; previously an investment professional at GIC and the IFC, and earlier at Deloitte. He holds an M.Sc. in Finance from London Business School.

Janet Zhou· General Counsel, Senior Managing Director· Hong Kong, Shanghai

General Counsel overseeing legal and compliance for PRC-related transactions, with over 20 years of PRC legal experience. She is a qualified PRC lawyer and registered tax advisor.

Kane LIU· General Manager, Business Development Department

General Manager of the Business Development Department at CITIC Pacific, serving as a CCHL board observer.

Kevin CHOU· Vice President, Deputy Head of the Equity Investment Division

Vice President and Deputy Head of the Equity Investment Division at Fubon Life Insurance, serving as a CCHL board member.

Mike, Yun-Ku Lin· Senior Vice President, Head of the Equity and Alternative Investment Division

Senior Vice President and Head of the Equity and Alternative Investment Division at Fubon Life Insurance, serving as a CCHL board member representing shareholder Fubon Life.

Tony Liu· Deputy Chief Operating Officer, Senior Managing Director· Hong Kong, Beijing

Deputy COO overseeing onshore operations and portfolio management of principal investment activities; joined the firm in 2010 after working at Ernst & Young Shenzhen.

Yanjing ZHENG· Executive Director

Executive Director at Tencent Investment, serving as a CCHL board member representing shareholder Tencent.

Investments · 6 tracked

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Guilong Pharmaceutical

Leading OTC pharmaceutical company focusing on throat healthcare.

Loscam

Leading pallet pooling player in the Asia Pacific (ANZ, SEA, and Greater China).

McDonald's China

Leading fast food restaurant chain's businesses in mainland China, Hong Kong and Macau.

Newland Commercial Management

Largest management service provider of commercial plazas in China.

TAUNS Laboratories, Inc.

Company that completed an IPO on the Tokyo Stock Exchange Standard Market.

TrustLink Group

China's leading zero-carbon integrated facility management provider.

Frequently asked questions

What stage does CITIC Capital Holdings invest at?: CITIC Capital Holdings invests at the Growth, Late Stage stages.
What sectors does CITIC Capital Holdings focus on?: CITIC Capital Holdings focuses on Biotech, Consumer, FoodTech, Logistics & Supply Chain, Media & Entertainment, PropTech, SaaS, Sector Agnostic.
Where is CITIC Capital Holdings located?: CITIC Capital Holdings is headquartered in Hong Kong, HK.
Does CITIC Capital Holdings lead rounds?: Yes, CITIC Capital Holdings leads investment rounds.

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