Liang Wenfeng’s private equity firm has heavily bet on Changxin Technology.

Deepwave TechFlow news: On July 15, according to Deep Net Tencent News, the issuance announcement for Changxin Technology’s first public stock offering shows that national long-term funds such as the Social Security Fund and the basic pension insurance fund, as well as leading companies across the industrial chain and large insurance capital, participated in the strategic placement. The amounts allocated to companies including Shenzhen Sanquick Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, and Chery Intelligent Vehicle Technology (Hefei) Co., Ltd. were 157,999,993.98 yuan, with a lock-up period of 18 months. Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. received an allocation amount of 157,999,993.98 yuan, with a lock-up period of 36 months.

Hanfang Quant participated in this offline placing-and-subscribing new shares at a proposed subscription price of 8.78 yuan per share. The upper limit for each offline subscription is 230 million shares, and most of Hanfang’s products were submitted in the range of 70 million to 140 million shares. Hanfang Quant mainly includes two parts: Zhejiang Jiuzhang and Ningbo Hanfang Quant. Both companies are filed with the Asset Management Association of China, and their actual controller is Liang Wenfeng. Liang Wenfeng holds 85% of the shares of Jiuzhang Assets and holds 85.15% of the shares of Ningbo Hanfang Quant.