AI CAPITAL INTELLIGENCE
瑞丞基金 | Institution profile
Institution at a glance
A 2025 listed-company filing defines the “Ruicheng Fund” in a control-transfer transaction as an M&A vehicle executed by Hefei Ruicheng Private Fund Management Co., Ltd. The manager was established in 2022 with CNY 50 million registered capital and is 80% owned by Wuhu Chery Capital; Chery Holding Group and Chery Automobile each own 50% of Wuhu Chery Capital. In May 2026, Anhui’s securities regulator ordered the manager to rectify issues involving related-party transaction procedures and diligence. A separate financing record names “Ruicheng Fund” as a co-lead in Yitu Technology’s earlier round.
Source verification date: · The regulator’s decision applies to the named manager, Hefei Ruicheng Private Fund Management Co., Ltd., and should not be generalized to every fund it manages. The Yitu report uses only “Ruicheng Fund” and gives no fund registration number, so whether it is the same vehicle as the 2025 acquisition fund remains unconfirmed.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Manager in listed-company filing | 合肥瑞丞私募基金管理有限公司 (Hefei Ruicheng Private Fund Management Co., Ltd.) |
|---|---|
| Established and capital | Established January 19, 2022; registered capital CNY 50 million. |
| Ownership | 80% owned by Wuhu Chery Capital; the latter is owned 50/50 by Chery Holding Group and Chery Automobile. |
| Regulatory disclosure | On May 20, 2026, Anhui’s securities regulator ordered the manager to rectify issues involving related-party transaction procedures/disclosure and diligence. The order names the manager, not each fund. |
Milestones
- 2022-01-19
Hefei Ruicheng Private Fund Management Co., Ltd. was established.
- 2025-06-10
A filing reported an agreement for a Ruicheng Fund vehicle to acquire 25% of Honghe Technology; approvals and transfer steps were still pending.
- 2026-05-20
Anhui’s securities regulator issued a rectification order to the named manager.
Public record
- Leju Finance names Ruicheng Fund as a co-lead investor in Yitu Technology’s Series A. The company’s later Pre-B round was reported at nearly CNY 100 million; that amount was not the fund’s disclosed check.
- A 2025 filing says a Ruicheng Fund vehicle planned to acquire 25% of Honghe Technology. The filing said regulatory and transfer steps remained outstanding at that time.
Official contact details
- Manager address in the 2025 filing: Building 11, Nanyan Lake Science and Innovation Finance Port, Qinghua Road, Hefei Economic and Technological Development Zone, Anhui Free Trade Zone
Sources
- 1. Yitu Technology financing · Leju Finance
1月，A轮首关，火山引擎与瑞丞基金联合领投，包河创投跟投，云启、以骏、基石等老股东持续加码Original Chinese-language excerpt
- 2. Honghe Technology share-transfer filing · CNINFO
合肥瑞丞（自身并代其作为普通合伙人暨执行事务合伙人的用于实际执行本次交易的主体，即“瑞丞基金”）Original Chinese-language excerpt
- 3. Anhui regulator rectification order for Hefei Ruicheng
未按照基金合同约定履行关联交易决策程序并披露关联交易相关信息Original Chinese-language excerpt