DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••
Latest filing Mar 12, 2026
First filing on the tape Dec 23, 2013 · 14 filings
SEC status approved since Feb 6, 2014
RAUM
$2.2B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
65
46 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$2.2B as of Mar 12, 2026
Mar 27, 2014$525M then
HNW client RAUM$0 as of Mar 12, 2026
Mar 31, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 12, 2026
Mar 27, 20140 then
Employees (5.A)65 as of Mar 12, 2026
Mar 27, 201484 then
Private funds1 as of Apr 5, 2017
Mar 27, 20141 then
RAUM -1.3% over the last fiscal year-9.4% a year over threeIARs 0 to 0offices 6 to 7
Practice profile
derived from the filing of Mar 12, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $58.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived8 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$2.2B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 37reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C•••• M••••••• F•••• L•••no longer reported | Private Equity Fund | $1.0B | 22 | Dec 23, 2013 |
Owners and control persons
Schedule A and B, latest filing
- C•••• Y••••••• · Directorcontrolsince 01/2023 · owns less than 5%
- G•••• P••• · Directorcontrolsince 05/2020 · owns less than 5%
- H••••• M••• · Directorcontrolsince 01/2023 · owns less than 5%
- O•••••• Y••• · Directorcontrolsince 02/2021 · owns less than 5%
- S••• K•• · Directorcontrolsince 01/2023 · owns less than 5%
- T•••• B•• · Presidentcontrolsince 01/2010 · owns less than 5%
- T••• X••••••• · Clocontrolsince 01/2013 · owns less than 5%
- W•••• K•••• · Directorcontrolsince 01/2023 · owns less than 5%
- X•• X•• · Directorcontrolsince 02/2021 · owns less than 5%
- G••• G••••••••• · Shareholdercontrolsince 09/2004 · owns 50% to 75% of F•••• I••••••••• H••••••• L•••
- H••• Y•••• · Supervieorsince 01/2023 · owns less than 5%
- Q•••• S•••••••• · Supervisorsince 01/2023 · owns less than 5%
- Y•• J•• · Supervisorsince 04/2016 · owns less than 5%
Entity owners
- S••••••• F•••• I••••••••• I••••••••• C•••••• L•••••• · Shareholderdirect · owns 75% or more
- F•••• H••••••• L•••••• · Shareholderindirect · owns 75% or more of F•••• I••••••••• L••••••
- F•••• I••••••••• H••••••• L••• · Shareholderindirect · owns 75% or more of F•••• H••••••• L••••••
- F•••• I••••••••• L•••••• · Shareholderindirect · owns 75% or more of S••••••• F•••• H••• T••••••••• •••••• C•• L•••
- S••••••• F•••• H••• T••••••••• •••••• C•• L••• · Shareholderindirect · owns 75% or more of S••••••• F•••• I••••••••• I••••••••• C•••••• L••••••
Related persons
Schedule D 7.A
- F•••• C•••• M••••••• F••• G•• L•••pooled vehicle sponsorn
- F•••• C••••••• •••••••• I••••••••• M••••••••• C••• L•••investment adviserpooled vehicle sponsory
- F•••• Equity Investment Management, Ltd.investment advisernRAUM $445M
- F•••• I••••••••• L••••••pooled vehicle sponsory
- J•••• F•••• P••••• I••••••••• M••••••••• C••• L•••investment adviserpooled vehicle sponsory
- S••••••• F•••• W••••• I••••••••• M••••••••• C••• L•••investment adviserpooled vehicle sponsory
- T•••• F•••• I••••••••• M••••••••• C••• L•••investment adviserpooled vehicle sponsory
- Y••••• X••• S•••• C•••• G• I••••••••• M••••••••• C••• L•••investment adviserpooled vehicle sponsory
- Z••••••• Z•• S•••• C•••• Z•••• E••••• I••••••••• M••••••••• C••• L•••investment adviserpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
- Beijing, China10 employees
- Shenzhen, China8 employees
- C••••Zhou, China4 employees
- J••••, China4 employees
- Hangzhou, China3 employees
- Chongqing, China2 employees
What changed
consecutive filings, newest first
- Accounts · 32 to 37Mar 29, 2025 to Mar 12, 2026
- Pooled vehicle clients · 32 to 37Mar 29, 2025 to Mar 12, 2026
- Employees · 69 to 65Mar 29, 2025 to Mar 12, 2026
- Other offices · 6 to 7Mar 29, 2025 to Mar 12, 2026
- Discretionary RAUM · $2.1B to $2.0BMar 29, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $131M to $115MMar 29, 2025 to Mar 12, 2026
- Pooled vehicle RAUM · $2.2B to $2.2BMar 29, 2025 to Mar 12, 2026
- RAUM · $2.2B to $2.2BMar 29, 2025 to Mar 12, 2026
- Accounts · 26 to 32Mar 25, 2024 to Mar 29, 2025
- Advisory employees · 68 to 46Mar 25, 2024 to Mar 29, 2025
- Pooled vehicle clients · 26 to 32Mar 25, 2024 to Mar 29, 2025
- Employees · 98 to 69Mar 25, 2024 to Mar 29, 2025
- Financial planning clients · unset to Mar 25, 2024 to Mar 29, 2025
- HQ state · unset to Mar 25, 2024 to Mar 29, 2025
- Discretionary RAUM · $2.3B to $2.1BMar 25, 2024 to Mar 29, 2025
- Non-discretionary RAUM · $181M to $131MMar 25, 2024 to Mar 29, 2025
- Pooled vehicle RAUM · $2.5B to $2.2BMar 25, 2024 to Mar 29, 2025
- RAUM · $2.5B to $2.2BMar 25, 2024 to Mar 29, 2025
- Accounts · 20 to 26Mar 28, 2023 to Mar 25, 2024
- Advisory employees · 90 to 68Mar 28, 2023 to Mar 25, 2024
- Pooled vehicle clients · 20 to 26Mar 28, 2023 to Mar 25, 2024
- Employees · 124 to 98Mar 28, 2023 to Mar 25, 2024
- Other offices · 0 to 6Mar 28, 2023 to Mar 25, 2024
- Discretionary RAUM · $2.7B to $2.3BMar 28, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $244M to $181MMar 28, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $2.9B to $2.5BMar 28, 2023 to Mar 25, 2024
- RAUM · $2.9B to $2.5BMar 28, 2023 to Mar 25, 2024
- Accounts · 14 to 20Mar 29, 2022 to Mar 28, 2023
- Advisory employees · 72 to 90Mar 29, 2022 to Mar 28, 2023
- Pooled vehicle clients · 14 to 20Mar 29, 2022 to Mar 28, 2023
- Employees · 98 to 124Mar 29, 2022 to Mar 28, 2023
- Discretionary RAUM · $2.3B to $2.7BMar 29, 2022 to Mar 28, 2023
- Non-discretionary RAUM · $396M to $244MMar 29, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $2.6B to $2.9BMar 29, 2022 to Mar 28, 2023
- RAUM · $2.6B to $2.9BMar 29, 2022 to Mar 28, 2023
- Accounts · 9 to 14Mar 30, 2021 to Mar 29, 2022
- Advisory employees · 45 to 72Mar 30, 2021 to Mar 29, 2022
- Pooled vehicle clients · 9 to 14Mar 30, 2021 to Mar 29, 2022
- Employees · 66 to 98Mar 30, 2021 to Mar 29, 2022
- Discretionary RAUM · $1.6B to $2.3BMar 30, 2021 to Mar 29, 2022
Signals
23 dated events
- S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• reported 6 offices beyond its principal office, up from 0 (2023-03-28 to 2024-03-25)Mar 25, 2024 · ria office count c••••e · derived
- Haifeng Li (Supervisor) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2022-03-29, absent 2023-03-28)Mar 28, 2023 · Control person left · inference
- Liangsen Zhang (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2022-03-29, absent 2023-03-28)Mar 28, 2023 · Control person left · inference
- Junfeng Wei (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2022-03-29, absent 2023-03-28)Mar 28, 2023 · Control person left · inference
- Helin Qiu (Supervisor) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2022-03-29, absent 2023-03-28)Mar 28, 2023 · Control person left · inference
- Kun Shi (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 28, 2023 · Control person joined · fact
- M••• H•••• (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 28, 2023 · Control person joined · fact
- Y••••••• C••• (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 28, 2023 · Control person joined · fact
- K•••• W••• (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 28, 2023 · Control person joined · fact
- S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• reported RAUM $2.6B, up 66% from $1.6B (2021-03-30 to 2022-03-29)Mar 29, 2022 · ria raum c••••e · derived
- Tao Bai (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2020-03-30, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Can W••• (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2020-03-30, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Helin Qiu (Supervisor) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 30, 2021 · Control person joined · fact
- Bin Su (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2020-03-30, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Y••• O••••• (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 30, 2021 · Control person joined · fact
- Xin Xu (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 30, 2021 · Control person joined · fact
- P••• G••• (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 30, 2021 · Control person joined · fact
- Junfeng Wei (Director) appeared on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C••••••Mar 30, 2019 · Control person joined · fact
- Qunbin W••• (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2018-03-31, absent 2019-03-30)Mar 30, 2019 · Control person left · inference
- Xinjun Liang (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2018-03-31, absent 2019-03-30)Mar 30, 2019 · Control person left · inference
- Weiqiang Yang (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2018-03-31, absent 2019-03-30)Mar 30, 2019 · Control person left · inference
- Aci Ye (Director) no longer on Schedule A of S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• (listed 2018-03-31, absent 2019-03-30)Mar 30, 2019 · Control person left · inference
- S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• filed its initial SEC registration (Form ADV)Dec 23, 2013 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S••••••• F•••• C••••••• E••••• I••••••••• M••••••••• C•••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- F••••CAPITAL.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- +86-21-23155941reportedpublic record, Form ADV, Mar 12, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026