AI CAPITAL INTELLIGENCE
航发基金 | Institution profile
Institution at a glance
“Hangfa Fund” in the financing disclosure corresponds to Hangfa Fund Management Co., the professional equity investment manager affiliated with Aero Engine Corporation of China (AECC). Government-owned asset information describes its focus on aero-engines and military-civil integration. A listed-company filing identifies it as the executive partner of the Beijing Guofa Aero Engine Industry Investment Fund. The financing report does not identify the specific vehicle represented by “Hangfa Fund.”
Source verification date: · The name “Hangfa Fund” may refer to the manager or a fund it manages. The financing disclosure does not identify the specific vehicle or its commitment. The Beijing Guofa partnership role is a separately disclosed fund relationship. The CNY 2 billion cited for Xinghai Tu is the round total, not an investment amount by this manager or a specific fund.
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 | Hangfa Fund Management Co. |
|---|---|
| Group relationship | An equity investment fund manager affiliated with Aero Engine Corporation of China (AECC). |
| Published focus | Aero-engines、Military-civil integration |
| Disclosed fund role | Hangfa Fund Management Co. serves as the executive partner of Beijing Guofa Aero Engine Industry Investment Fund LP. |
Public record
- The financing source lists “Hangfa Fund” as a participant in Xinghai Tu’s Series B+ round on April 2, 2026. The reported CNY 2 billion is the round size, not the fund’s disclosed commitment; the source does not identify the specific fund vehicle represented by “Hangfa Fund.”
Official contact details
- Parent group website: Aero Engine Corporation of China
- Parent group switchboard (not a fund line): +86 10 6820 1080
Sources
- 1. Business exchange · Shijiazhuang State-owned Assets Supervision and Administration Commission
航发基金公司是中国航发集团旗下专业的股权投资基金管理公司，专注于航空发动机、军民融合等专业领域。Original Chinese-language excerpt
- 2. Related-party transaction filing · Beijing Guofa Aero Engine Industry Investment Fund
北京国发航空发动机产业投资基金中心的执行事务合伙人为航发基金管理有限公司。Original Chinese-language excerpt
- 3. Official website · Aero Engine Corporation of China
中国航发主要从事航空发动机、辅助动力、燃气轮机及传动系统的研制、生产、维修和服务。Original Chinese-language excerpt
- 4. Contact information · Aero Engine Corporation of China
通讯地址：北京市海淀区蓝靛厂南路5号；电话：(010)68201080。Original Chinese-language excerpt
- 5. Xinghai Tu raises CNY 2 billion; valuation reported at CNY 20 billion
华登科技、蓝思科技、矽芯投资、时代伯乐、航发基金等产业巨头Original Chinese-language excerpt