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Yongshang Industrial Co., Ltd. was established in November 2018, initiated by the Yongshang Federation and jointly funded by representatives from multiple Yongshang enterprises including FUBANG Group, China Yintai, Youngor, Aux, Shanshan, Jiangfeng Electronics, and Jizhi Technology, with a registered capital of RMB 800 million.

Positioned as an integrated industrial investment platform combining capital and industry, Yongshang Industrial has formulated two core strategies aligned with short-, medium-, and long-term development objectives: allocating capital for fixed-income investments and actively developing fund-based asset management operations. The company prioritizes supporting smart manufacturing, new industrial parks, urban infrastructure, mixed-ownership reforms in state-owned enterprises, healthcare and education, tourism, new materials, other emerging industries, and quasi-financial services.

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Adhering to the principle of “prudent investment and precise positioning,” Yongshang Industrial has established a “l(fā)ight capital, heavy empowerment” investment system and actively pursues market-based fundraising. In 2024, Yongshang Industrial partnered with Ningbo Qianwan New Area State-owned Assets to establish the Qianwan Aerospace Industry Fund with a total scale of 1 billion yuan. Focusing on cutting-edge industries such as commercial aerospace, low-altitude economy, and high-end equipment, the fund has completed investments in high-growth technology projects including Zhongke Hangxin and Huachen Aerospace, initially forming an investment closed loop where “one fund guides one industry.”