ANHUI PROVINCIAL INVESTMENT GROUP HOLDING CO.,LTD.

What ANHUI PROVINCIAL INVESTMENT GROUP HOLDING CO.,LTD. does

ANHUI PROVINCIAL INVESTMENT GROUP HOLDING CO.,LTD. (安徽省投资集团控股有限公司) is a wholly state-owned provincial capital investment and operations platform established in June 1998 and headquartered in Hefei, Anhui Province. Wholly owned by the Anhui Provincial Government and supervised by the provincial State-owned Assets Supervision and Administration Commission (SASAC), it is the largest provincial-level state-owned comprehensive investment company in Anhui and was designated the first provincial pilot for state-owned capital investment and operations company reform. The group does not sell commercial products; it deploys government-mandated capital through three interlocking segments: infrastructure investment (railways, highways, airports, ports), industrial investment (emerging and high-tech sectors including new energy vehicles, integrated circuits, digital economy, and new materials), and financial investment (trust, leasing, asset management, micro-lending, commercial factoring).

The group's operating architecture consists of 89 wholly-owned and controlling subsidiaries (up from 85 in 2023) plus minority stakes and joint ventures across Anhui, Shanghai, Shenzhen, and Hong Kong. Notable operating subsidiaries include Anhui Wantou Asset Management (managing over 650 billion yuan across 40+ projects), Shanghai Nuotie Asset Management (10 funds with cumulative AUM exceeding 75 billion yuan as of end-2025, focused on Yangtze River Delta integration), Anhui Zhongan Financial Leasing (~235 billion yuan cumulative investment, ~58 billion yuan total assets as of December 2024), and Anhui Zhongan Auto Financial Leasing (~97 billion yuan cumulative, ~19 billion yuan total assets as of 2024). Total assets reached approximately 3.9 trillion yuan at end-2024, up from ~3.7 trillion yuan at end-2023, with 600 billion yuan in registered capital and 5 AAA-rated entities.

The business model is policy-driven rather than commercial: the group generates returns through dividend income from portfolio companies, capital appreciation, interest income from leasing and micro-lending, and management fees from its asset management arms. Customer acquisition occurs via government directive and SASAC mandate rather than competitive sales; its primary "customer" is the Anhui Provincial Government itself, with whom it co-invests through vehicles such as the Anhui Provincial Railway Development Fund. In August 2025, the provincial government approved establishment of the Anhui Industrial Investment Company with a 20 billion yuan total scale as a new-quality productive forces investment platform, signaling an accelerated industrial-investment mandate. The group also publishes annual salary disclosures and runs structured campus and postdoctoral recruitment, reinforcing its identity as a state-owned institution rather than a market-driven operator.

Name

ANHUI PROVINCIAL INVESTMENT GROUP HOLDING CO.,LTD.

Legal name

安徽省投资集团控股有限公司

Website

https://ahinv.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

Anhui Provincial Investment Group Holding is a wholly state-owned provincial investment and operations platform designated by the Anhui government, deploying capital across railway infrastructure, industrial upgrading, and financial services via 89 subsidiaries holding approximately 3.9 trillion yuan in total assets.

Ownership category

akta.pro rank

Product category

State-Owned Capital Investment Operations

NAICS

Offices of Other Holding Companies (551112), Management of Companies and Enterprises (551), Other Financial Vehicles (52599), All Other Financial Investment Activities (52399)

SIC

Non-Operating Establishments (9995), Investors, Nec (6799)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

akta.pro secondary industries

Telecom, Networking & Infrastructure Growth Equity (FSANACAJ), Public Asset & Investment Management (BPAIAEAG)

Keywords

• State-owned capital investment
• Infrastructure investment
• Railway financing
• Financial leasing
• Asset management services

Headquarters

HQ city

Hefei

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Capital Investment Returns and Dividend Income: The group generates returns through equity investments in infrastructure (railways, highways), industrial sectors (automotive, materials, chemicals), financial services (leasing, asset management, trust, micro-lending), and technology ventures. Returns accrue as dividend income, capital gains on exits, and appreciation in the value of investment holdings across its portfolio of 85+ subsidiaries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The group is a state-owned capital investment and operations holding company that manages and deploys provincial government capital across three segments: infrastructure investment (railways, highways, airports, ports), industrial investment (emerging industries, high-tech sectors, new energy vehicles, integrated circuits, new materials), and financial investment (trust, leasing, asset management, micro-lending, commercial factoring). It operates approximately 85-89 wholly-owned and controlling subsidiaries and serves as the designated reform pilot platform for Anhui Province's state-owned capital investment operations. Revenue is generated through capital appreciation, dividend income, and returns on equity investments rather than sales of commercial products.

Product overview

ANHUI PROVINCIAL INVESTMENT GROUP HOLDING CO.,LTD. is a state-owned investment holding company and the first provincial-level state-owned capital investment and operation company reform pilot enterprise designated by the Anhui Provincial Committee and Provincial Government. The company does not offer a unified technology product but rather provides investment services across three main business segments: infrastructure investment (railways, highways, airports, ports), industrial investment (emerging industries, high-tech sectors), and financial investment (trust, leasing, asset management, micro-lending, commercial factoring). The group operates approximately 85-89 wholly-owned and controlled subsidiaries distributed across Anhui, Shanghai, Shenzhen, and Hong Kong, with total assets approaching 390 billion RMB as of 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Investment Operations (Railways, Highways, Airports, Ports) Long-term equity investment and financing for provincial infrastructure projects including railway construction (joint ventures with Anhui Railway Development Fund and partners such as He'an High-Speed Railway, Lujian Railway, Wuhu-Tongling High-Speed Railway, Hefei-Wenzhou Railway, and others), highways, airports, and ports. Customers include provincial and municipal governments, railway project SPVs, and joint-venture partners.
• Anhui Zhongan Auto Financial Leasing (安徽中安汽车金融租赁) Financial leasing services for the automotive sector, with cumulative investment of approximately 97 billion yuan, net assets of approximately 10 billion yuan, and total assets of approximately 19 billion yuan as of 2024. Customers include JAC Automotive Group ecosystem participants, Jiangling Motors, Ankai Buses, and related automotive industry buyers.
• Anhui Zhongan Financial Leasing (安徽中安融资租赁) General-purpose financial leasing services supporting industrial enterprises in Anhui Province, with cumulative investment of approximately 235 billion yuan, net assets of approximately 23 billion yuan, and total assets of approximately 58 billion yuan as of December 2024. Customers include industrial firms, SMEs, and project companies requiring equipment and asset financing.
• Anhui Wantou Asset Management (安徽皖投资产管理) Asset management services investing across emerging industries including digital economy, integrated circuits, new energy vehicles, and new materials. Manages assets exceeding 650 billion yuan across more than 40 projects. Customers include portfolio companies, co-investors, and emerging-industry project sponsors in Anhui.
• Shanghai Nuotie Asset Management (上海诺铁资产管理) Private equity fund management platform jointly established with the Anhui Provincial Railway Development Fund, operating 10 funds with cumulative assets under management exceeding 75 billion yuan as of year-end 2025. Customers include limited partners, portfolio companies, and provincial strategic projects in the Yangtze River Delta region.
• Anhui Zhongan Commercial Factoring (安徽中安商业保理) Commercial factoring services for industrial supply chains, particularly supporting the Chery Automobile and broader Anhui manufacturing ecosystem. Customers include manufacturers, suppliers, and distributors requiring working-capital financing.
• Anhui Zhong'an Technology Micro-lending (安徽省中安科技小额贷款) Small-loan and micro-lending services targeting technology SMEs and small enterprises in Anhui Province. Customers include small technology companies and SMEs requiring working capital.
• Anhui Industrial Investment Company (安徽省产业投资公司) Dedicated investment vehicle for Anhui's new quality productive forces, with total scale of 20 billion yuan. Focuses on provincial strategic industrial development decisions, supporting key industries and major project construction aligned with the provincial government's industrial deployment priorities. Customers include portfolio companies in priority industrial sectors.
• Anhui Province High-tech Industry Investment (安徽省高新技产业投资) Equity investment vehicle for high-tech industries in Anhui Province. Customers include high-tech startups, growth-stage technology companies, and innovation-driven projects in Anhui.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• JAC Automotive Group (江淮汽车集团)coreStrategic or Co-development Partner · 1 August 2018Anhui Zhongan Auto Financial Leasing Co., Ltd. was jointly established by the Anhui Investment Group and JAC Automotive Group (江淮汽车集团), a top Chinese industrial enterprise and Fortune 500 company with listed subsidiaries Jiangling Motors and Ankai Buses. The partnership leverages JAC's manufacturing ecosystem for auto financing solutions.
• Anhui Provincial Railway Development Fund Corporation (安徽省铁路发展基金股份有限公司)coreStrategic or Co-development Partner · 15 October 2015The group co-established the Anhui Railway Development Fund (铁路基金) together with the provincial government to fund railway infrastructure investments. The group and the railway fund jointly set up Shanghai Nuotie Asset Management (上海诺铁) to implement the Yangtze River Delta integration strategy.
• Chery Automobile (奇瑞汽车股份有限公司)coreStrategic or Co-development Partner · 1 December 2014Chery Automobile is a co-founder of Anhui Zhongan Commercial Factoring Co., Ltd. (安徽中安商业保理有限责任公司), along with Anhui Investment Group and Anhui Jiangbei Development Co. Chery is one of China's largest independent brand automotive companies and a major portfolio company of the group.
• Anhui Provincial Government (安徽省政府)coreStrategic or Co-development PartnerThe group is the primary provincial platform designated by the Anhui Provincial Committee and Provincial Government for implementing state-owned capital investment operations reform pilots. It undertakes strategic mandates including guaranteeing major infrastructure construction, leading industrial upgrades, and serving innovation-driven development strategies.
• Anhui Provincial State-owned Assets Supervision and Administration Commission (省国资委)coreStrategic or Co-development PartnerThe group operates under the leadership and supervision of the provincial SASAC, which oversees its strategic direction, appointments, and performance.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Jiangsu Guoxin Group: Largest provincial state-owned investment holding company in Jiangsu Province, performing identical functions to Anhui Provincial Investment Group — infrastructure financing, industrial investment, and financial services under provincial government mandate.
• Zhejiang Provincial Investment Group: Provincial-level state-owned comprehensive investment platform in Zhejiang with mandates spanning infrastructure, industry and finance, directly comparable in business model and scale of assets under management.
• Shanghai Guosheng Group: Municipal-level state-owned capital investment and operations platform in Shanghai, structurally analogous to Anhui Provincial Investment Group as a designated SOE reform pilot focused on equity investment and industrial upgrading at the sub-national level.
• Beijing State-Owned Capital Management: Municipal-level state-owned capital management platform in Beijing, executing analogous reform pilot mandates across industrial restructuring, infrastructure and financial investment for Beijing municipal government.
• China Reform Holdings (中国国新控股): National-level state-owned capital investment operator and reform pilot, the closest analog at central government level — operating with the same SOE investment/operations mandate but at a national rather than provincial scale.
• Shandong State-Owned Investment Holding Group: Major Shandong provincial SOE investment holding group with a similarly diversified portfolio across infrastructure, industrial and financial assets, executing the same state-owned capital investment operator reform mandate.
• Guangdong Rising Assets Management (广晟集团): Guangdong provincial-level SOE with a portfolio of strategic equity investments across industrial sectors, executing a comparable provincial state-owned capital operator role with cross-asset diversification.

Broad incumbents

• China Investment Corporation (CIC): China's sovereign wealth fund and the ultimate state-owned capital investment platform at national level. Compares via investor mandate and government backing but operates globally and at vastly greater scale.
• CITIC Group: China's largest conglomerate SOE with broad operations across financial services, industrial investment, and resources. Operates an overlapping investment portfolio but at much larger national scale and with broader commercial mandate.

Others

• China Communications Construction Group: Largest Chinese infrastructure SOE and frequent JV partner for provincial investment groups including Anhui Provincial Investment Group's railway and highway ventures — adjacent ecosystem participant rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries38 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ANHUI PROVINCIAL INVESTMENT GROUP HOLDING CO.,LTD.