# Top 15 Infrastructure VC (Venture Capital) Funds in China in May 2026

## H&Q Asia Pacific
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Information Technology, Manufacturing

H&Q Asia Pacific (H&QAP) is a leading Asian private equity firm. Originally founded by Dr. Ta-lin Hsu as a division of U.S. investment banking firm Hambrecht & Quist, H&QAP is currently an independent organization that conducts both later-stage control investments and earlier-stage venture capital investments. It focuses on growthsectors including technology, technology manufacturing, consumer brands and financial services. The firm's offices are located in the principal markets of Asia as well as in the Silicon Valley, providing it with a unique combination of local market presence and global perspective. H&QAP is dedicated to identifying superior commercial potential in Asia and working closely with companies to unlock that untapped potential. Throughout its rich history, H&QAP has developed an extensive network specifically geared towards helping its portfolio companies emerge into global business leaders.

## Shenzhen Capital Group
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Manufacturing, Health Care, Software

Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation and emerging industriesdeveloping. SCGC has registered capital of 5.42 billion RMB, andtotal AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based of the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide.

## SIIC Investment
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Series C
- Focus: Hardware, Electronics, Manufacturing

Having gained approval from the Ministry of Commerce of People’s Republic of China, SIIC Investment (Shanghai) Company Limited (“SIICINV”) was established in 1994 with registered capital of USD 44 million. It is the subsidiary company under Shanghai Industrial Investment (Holdings) Company Limited (“SIIC Group”), with its main focus on investmentin sectors including resources, environmental protection and modern services,etc.As a specialized investment arm of SIIC, SIICINV has had the privilege of being a value creation investment platform provider to ensure our customers to gain access to both domestic and international capital markets. SIICINV’s expansive resources, experiences and networks, offer our entrepreneurs the opportunity to develop their visions into market-leading companies.

## Funding Global Innovation
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series C, Series A, Series B
- Focus: Manufacturing, E-Commerce, TV

Funding Global Innovation

## Deutsche China Capital
- Type: VC Fund
- Location: George Town, Midland, Cayman Islands
- Relevant deals: 1
- Stages: Series A, Series C
- Focus: Hardware, Electronics, Manufacturing

Deutsche China Capital was added in 2013.

## CMF Venture Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Series C
- Focus: Hardware, Electronics, Manufacturing

CMF Venture Capital was added in 2013.

## Xinxing Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Infrastructure, Transportation, Autonomous Vehicles

Xinxing Fund is an investment firm.

## Dongfeng Asset Management
- Type: VC Fund
- Location: Wuhan, Hubei, China
- Relevant deals: 1
- Stages: Series A, Series C, Series D
- Focus: Sensor, Automotive, Fuel

Dongfeng Asset Management is an asset management and investment firm.

## Huanxu Real Estate
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Construction, Infrastructure

Huanxu Real Estate is an investment firm.

## Huasuanbang Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Construction, Infrastructure

Huasuanbang Group is an investment company.

## Yuhang Transportation Investment Group
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Series A
- Focus: Infrastructure, Transportation, Autonomous Vehicles

Yuhang Transportation Investment Group is an investment company that focus on transportation infrastructure companies.

## Shunding Wulian
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Construction, Infrastructure

Shunding Wulian is an investment firm.

## Goldman Sachs
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series C, Series B
- Focus: Software, Financial Services, FinTech

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base.

## Vertex Ventures
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Information Technology, E-Commerce

Vertex US is an early stage VC that backs fearless founders building a smarter digital economy through B2B software.

## China Structural Reform Fund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series E
- Focus: Biotechnology, Manufacturing, Electric Vehicle

China Structural Reform Fund aims to provide state-owned enterprises support in development, industrial consolidation, professional reorganization, capacity adjustment and international mergers and acquisitions by establishing sub-fund as well as direct investment.

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