Hefei Chantuo

Hefei Chantuo is a state-owned investment group based in Hefei, Anhui Province, China, that operates as a venture capitalist, taking equity stakes in high-tech companies. Its primary objective is to foster local economic growth within strategic sectors such as semiconductors and advanced manufacturing by providing capital and support. The government-backed group funds and supports emerging technology firms through direct investments and strategic partnerships, often divesting its stakes for profit after companies establish significant operations and contribute to the local economy. Hefei Chantuo notably controls an indirect 21.67% stake in Changxin Technology, a memory chip manufacturer with 60.19 billion yuan in registered capital, and is a key backer for its major IPO preparations. Further demonstrating its strategic focus, the group formed a 2024 joint venture with EHang, JAC Motors, and Guoxian Holdings to manufacture eVTOL aircraft in Hefei.