Chongqing Yufu Holding Group

Founded in 2004 by the Chongqing State-owned Assets Supervision and Administration Commission, Chongqing Yufu Holding Group is a state-owned capital investment and asset management company based in Chongqing, China. The firm manages state-owned assets on behalf of the municipal government, focusing on strategic equity investments across key local industries, including new-energy vehicles, advanced materials, commercial spaceflight, and artificial intelligence. Historically managing approximately $6 billion in total assets, the organization recently unveiled a strategic five-year plan to back 32 projects with a total investment of nearly 18 billion yuan. Its notable portfolio companies and strategic joint venture partners include Deepal Auto Technology, Changan Automobile, and CMB Financial Asset Investment. In a major recent transaction, the investment group acquired a 12.09% stake in Deepal for 2.5 billion yuan, officially becoming its second-largest shareholder after Changan Automobile.