Shanghai Ehong Capital Co., Ltd. founded in 2007, is an equity investment institution and early practitioner of impact investing in China.

Since its establishment, Ehong Capital has held itself to standards of a SRI institution by employing negative screening practices. From 2007 to 2012, Ehong Capital mainly invested in finance, TMT, new energy and materials, and modern agriculture.

From 2012 onwards, under the guidance of global sustainable development agenda and core characteristics of impact investing, Ehong Capital has formed an impact investing strategy that relies on top-down analysis of most relevant social and environmental problems that can be solved with business solutions. The areas of focus include but not limit to sustainable agriculture, clean energy, waste, health and elderly-care, and quality education.

In 2018, Ehe Impact Fund was established with a charity foundation being its cornerstone LP.

With several successful exits, Ehong Capital has achieved competitive returns for its investors and generated significant social and environmental benefits in reducing GHG emission, alleviating poverty, supporting vulnerable groups and providing employment and education opportunities.

Due to its outstanding performance, Ehong Capital was awarded the Annual Investment Institution Award of China Social Enterprise and Impact Investment in 2017 as the first ever to receive this honor.


At Ehong, we believe that business solutions and private capital are key to solving the most significant challenges in our society.

Thus, we support mission-driven enterprises tackling social and environmental challenges with innovative solutions at scale to promote sustainable development in China.

We hold our values explicitly –be honest, be ambitious, and have integrity. These values not only infuse in our daily operation and how we work with partners, but also lead us to our purposes.

At Ehong, we are committed to generating financial returns to our investors through impact-driven endeavors.


Chairman of the Board of Directors of China Global Philanthropy Institute, Chairman of China Alli-ance of Social Value Investment, Member of UNDP SDG Impact Advisory Group (only advisor from Chi-na), UNDP China Advisor and Chairman of UNDP China SDG Finance Advisory Committee.
Former Executive Director, President and CEO of China Merchants Bank.


Dr. Weihua MA

Ehong Capital Advisor

Chair of the Board of Narada Foundation, Vice President of China Philanthropic Association, Visiting Researcher of the State Council Counselor, Honorary Chairman of Foundation Center Network. Member of the Sustainable Finance Advisory Committee of UNDP China office.


Yongguang XU

Ehong Capital Advisor

More than 25 years of experience in capital market and equity investment. Established Ehong Capital in 2007, and have specialised in Impact Investment in people’s livelihood sector since.
Established and managed National Future Exchange (pilot) in the 1990s. Completed more than 30 M&A and equity investment deals since 2002. Served as the executive direct of the China Youth Develop-ment Foundation (aka Hope Project) and was responsible for the organization’s asset management.
Dr. TANG graduated from Renmin University of China and the Graduate School of the Chinese Acad-emy of Social Science.


Dr. Ronghan TANG

Founding Partner

Experienced investment expert in China’s securities market, with extensive experience in value in-vesting, corporate governance and investment risk management.
Served as the executive president of Shenzhen Golden Palm Defu Investment since 2009. Before that he served as the general manager of Shenzhen Innovative Port Investment, and headed various senior management roles at Shenzhen Stock Exchange and other securities companies.
Master of Finance, graduated from Renmin University of China and the Graduate School of PBOC.



Investment Committee

Managing Partner of Zhejiang T&C Law Firm, Director of T&C Shanghai Office, Adjunct Professor of ECUPL.
30+ yrs experience in financial law; areas of practice including securities, cross-border M&A, international project financing, private equity, and business law; services covering due diligence, transaction process, project negotiation, and letter of legal opinion for domestic and overseas IPOs, bond issuances, private equity investments, M&A, and international projects.
LL.M. from IUPUI, M.Fin from ZJU, LL.B. from ECUPL; licenses in securities law and state-owned property rights appraisal.


Xiaoqing WANG, Lawyer

Investment Committee

Chairman of Hong Kong Hongying Investment Group. Served as senior manager of the Southern In-dustry Group of the Chinese Academy of Science. Served as executives of Stone Group and pioneered its securities and futures business. Co-founded the United Securities.
Has been involved in high-tech venture capital investment with rich experiences in Internet, BigData, and media industries in the past decade.



Investment Committee

Well known blockchain expert formerly with Huawei, American ACM Practitioner Board member, CEO and founder of American Distributed Business Application Company, China Electronics Society Blockchain Expert Committee member, and US CISSP (ISC Registration Information System Security Expert).
Master of Computer Science, graduate from Xi’an Jiaotong University and University of Lausanne.


Lianjin HUANG

Investment Committee

General Manager of Fund Management at Four Rivers Equity Investment.
Served as Vice President of Regional Management - APAC for Moody’s Investors Services; TMT Head Global Corporate Banking China at J.P. Morgan, leading Chinese enterprises in their drives towards globalization by serving their financial needs at both strategic and transactional levels; held various positions at HSBC, China Construction Bank and the China National Audit Office.
Bachelor in Economics from Southwestern University of Finance and Economics, Master in Accounting and Finance from the University of Birmingham (UK).



IC External Expert

Foucus: Internal Risk Control and Post-Investment Management.
Served in law firms, future exchanges, securities companies and concurrently served as directors at various companies’ boards with rich experience in investment risk control and corporate governance.
Lawyer, Master of Economics, graduated from Jilin University and Fudan University School of Busi-ness Administration.



Managing Director

Focus: Health & Eldercare and Quality Education
Served as investment manager, vice president, senior vice president at Ehong Capital and has previously worked at Digital Marketing Department of Accenture.
Selected investment cases: Lvkang Medical Care and Senior Service, Beijing ING Care Technologies
Student of Cornell-Tsinghua Finance MBA program, Bachelor of Management studies from University of Nottingham



Executive Director

Focus: Energy and Environmental Protection
Worked in the credit auditing department of Minsheng Bank Credit Card Center and the market headquarters of the futures company of Industrial Bank.
Selected investment cases: ZhongYi Testing
Master of Finance, Maquarie University.


Yuxiang DENG, CFA


Responsible for daily administrative affairs management and personnel management of the company
She has rich experience in administrative and personnel management for more than ten years.
Bachelor of Human Resource Management, Fudan University


Liyan SHEN

HR and Admin Manager