Chairman
Chairman
Mr. Zhang Wei is the chairman and partner of CoStone Capital, he is based in Shenzhen.
Mr. Zhang is a senior investment professional with over 20 years of private equity experience. Prior to establishing CoStone Capital, Mr. Zhang served as Director-in-Chief of Eagle Venture, an Engle Securities VC subsidiary focused on investing in tech and manufacture industries. He also served as the president of Huitian New Material, Chair of Board of Eagle Ceramics, two portfolio companies of Eagle VC.
Currently, Mr. Zhang is a member of the Private Equity and M&A Fund Professional Committee of Asset Management Association of China (AMAC), vice President of Finance Association of Guanghua School of Management of Peking University, and member of the Investment Steering Committee of Education Development Foundation of China Europe International Business School (CEIBS).
Mr. Zhang received his Master of Law from Nanking University, and an EMBA from Guanghua School of Management of Peking University.
Contact Address
35F, Nord financial center, Fuzhong 3rd road, Futian District, Shenzhen
Contact Number
0755-82792366
Vice Chairman
Vice Chairman
Mr. Lin Ling is a senior investment professional with over 20 years of private equity investment experience,and is now the vice chairman and partner of CoStone Capital, he is based in Shanghai. Mr. Lin oversees equity investment, where he initiated several private equity investments, including House365(300295), Zhongli Group(002309), Motie Book, Asymchem(002821), Omnijoi(300528), Original Force and Mewe Media. Before CoStone Capital, Mr. Lin held managing director role at Eagle Securities and SR Wealth Securities’investment banking group. He has in-depth research on corporate strategy, mergers and acquisitions, and corporate governance, and has rich investment banking experience and practical operational capabilities. Mr. Lin received his B.A. in Economics from Xiamen University, and finished his global EMBA program at CEIBS.
Contact Address
Shanghai City, Pudong New Area Minsheng Road No. 1299 West Building 18F01, 04
Contact Number
021-50309096
President
President
Dr. Fan Yongwu is a senior investment professional with over 20 years of regulation, public and private equity investment experience, and is the president and partner of CoStone Capital, he is based in Peking. He has conducted the investment in Julong Technology(300475), Landspace and Zoonline(000157). Prior to joining CoStone Capital, Mr. Fan served as Director of the M&A Supervision of China Securities Regulatory Commission (CSRC), MD in CITIC Securities, Manager-in-chief of CITIC M&A Fund, General Manager of Galaxy Fund. Mr. Fan is a Certified Public Accountant, and a Certified Public Valuer. Mr. Fan graduated from Columbia University with MSc in Economic Policy, he holds a PhD in Accountancy from Xiamen University, and a postdoctoral fellow in Applied Economics at the Chinese Academy of Social Sciences.
Contact Address
F727-F728, Winland International Financial Center, No. 7 Financial Street, Xicheng District, Beijing
Contact Number
010-66526684
CEO
CEO
Mr. Wang Qiwen is a senior investment professional with over 20 years of private equity investment experience. Mr. Wang is now CEO and partner of CoStone Capital, and responsible for PE investment and corporate finance, he is based in Shenzhen. Mr. Wang was also involved in numerous CoStone Capital investments including Dezhan Health (and its subsidiary Jialin Pharmaceutical), Hutian New Material(300041), ZCCCT, CKIC(300338), Kexin(300565), CSII(300663), Snibe,Mindary(872404), Medprin(300760), ZIMT, Bright Eye Hospital and Pagoda.
Mr. Wang has worked as investment director of Eagle Venture Capital from 2002 to 2008, and as a deputy general manager of Eagle Securities investment bank department from 1997 to 2002. Before joining Eagle Securities, Mr. Wang worked as general manager in capital planning department in Hainan Airport from 1994 to 1997. Prior to this role, Mr. Wang was a deputy general manager responsible for financing and accounting in Dongfeng Motor from 1988 to 1994. Mr. Wang received his B.A. in economics from Central University of Finance and Economics, and his EMBA from GuangHua School of Management, Peking University.
Contact Address
35F, Nord financial center, Fuzhong 3rd road, Futian District, Shenzhen
Contact Number
0755-82792366
Partner
Partner
Mr. Tao Tao is a senior investment professional with over 18 years of experience in private equity and investment bank, he is a partner of CoStone Capital, and president of Xcar, he is based in Beijing. He also had roles in some of CoStone portfolios including Eagle Ceramics, HCD(300278), Kangxin(600076), Xcar, Opple(603515)and Efort(688165). Prior to joining CoStone Capital, Mr. Tao was a general manager of investment bank department in Eagle Securities Wuhan branch. Prior to this role, Mr. Tao worked at Chinese earliest foreign-funded venture capital institution and merchant bank CHINAVEST, serving as the managing director and consultant for many multinational companies in investment and mergers & acquisitions in China. Mr. Tao graduated from Beijing Foreign Studies University with B.A. in Japanese and he got his MBA from University of Chicago Booth School of Business.
Contact Address
F727-F728, Winland International Financial Center, No. 7 Financial Street, Xicheng District, Beijing
Contact Number
010-66526684
Partner
Partner
Mr. Chen Yanli is a senior investment professional with over 20 years of experience in private and public equity, investment bank, corporate management and financial management. He is a partner of CoStone Capital, head of public equity investment. He is based in Shenzhen. Accumulated a wealth of experience in equity investment, and has in-depth research on financial models, corporate value evaluation and investment strategies. He is also a Certified Public Accountant. He played key roles in some of CoStone’s most successful investments including HNC, Yodon and Silkroad. Prior to joining CoStone Capital, Mr. Chen served as finical manager and investment bank senior manager of Eagle Securities. Mr. Chen graduated from Wuhan University with B.A. in economics, and finished his EMBA in CEIBS.
Contact Address
35F, Nord financial center, Fuzhong 3rd road, Futian District, Shenzhen
Contact Number
0755-82792366
Partner
Partner
Contact Address
35F, Nord financial center, Fuzhong 3rd road, Futian District, Shenzhen
Contact Number
0755-82792366
Partner
Partner
Mr. Xu Wei is a professional senior in the field of investment with over 20 years of experience. Mr. Xu Wei was the CEO and chief manager of Julong Technology(300475). Besides his responsibility of CEO and chief manager in the company, he was also the leading Executive Director of Julong Robot, Julong moderator etc. Prior to Julong Technology, Mr. Xu Wei served as the director and general manager of Guosen Securities Co., ltd. for 9 years. Currently, Mr. Xu Wei is a partner of CoStone Capital. CoStone Capital values his participation in Efort (68165), House 365(300295), China Media Group (000793), etc. Mr. Xu Wei received his bachelor's degree from Soochow University and his master’s degree from Shanghai Jiao Tong University, equipping himself with sophisticated skills and knowledge to pave a solid foundation for future career.
Contact Address
35F, Nord financial center, Fuzhong 3rd road, Futian District, Shenzhen
Contact Number
0755-82792366
Partner
Partner
Contact Address
35F, Nord financial center, Fuzhong 3rd road, Futian District, Shenzhen
Contact Number
0755-82792366
Partner
Partner
Mr. Huang Xicheng joined CoStone Capital in 2020 and is now a partner who oversees Jiangsu branch. Before joining CoStone Capital, Mr. Huang served as the director of the First Division and the Second Division of Listed Company Supervision of Jiangsu Regulatory Bureau of China Securities Regulatory Commission (CSRC). He also had roles as Member of the 4th and 5th Merger and Acquisition and Reorganization Committee of CSRC; Member of Investment Banking Committee of Securities Industry Association of China. He also holds professional qualification certificates such as lawyers, real estate economics, and real estate appraisers. Prior to joining CoStone Capital, Mr. Huang has spent 20 years of his career in securities industry. He was Vice president of Nanjing securities. Mr. Huang received Bachelor of law and Master of Public Administration from Nanjing university.
Contact Address
2701, 2712, Xindi Center Phase II, 168 Lushan Road, Jianye District, Nanjing City, Jiangsu Province
Contact Number
025-85209365
Partner
Partner
Contact Address
Shanghai City, Pudong New Area Minsheng Road No. 1299 West Building 18F01, 04
Contact Number
021-50309096
The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.
Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.
Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.
Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.
These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.
For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, makingHuawei anindustry leader.
So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.
At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across