By the end of 2025, 15 “hundreds-of-billions” private investment firms appeared on the ETF top ten holders list, holding a total market value of approximately 11.338 billion yuan.

NightAirdropper · 2026-04-03T15:03:48+00:00

According to Private Equity Ranking Network, billion-dollar private equity firms, as leading companies in the private equity industry, have a strong preference for ETFs. Based on data, by the end of 2025, 15 billion-dollar private equity firms will appear on the top ten holder list of ETF funds, with a total market value of approximately 11.34B yuan.Among them, the private equity firm with the largest ETF holdings is Chengyang Investment, which holds 24 ETFs with a market value of about 10.45B yuan. It is reported that Chengyang Investment is a wholly-owned subsidiary established by China Chengtong Holdings Group in 2017. It is a state-owned capital operation platform, and its parent company, China Chengtong Holdings Group, is a central enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Therefore, Chengyang Investment is a billion-dollar private equity firm with a "national team" nature.In addition, private equity giant Jinglin Asset holds 2 ETFs with a market value of about 354 million yuan; Honghu Private Equity, founded by Liang Wentao, holds 3 ETFs with a market value of about 204 million yuan; but Dongfang Gangwan, founded by Bin Bin, holds 4

NightAirdropper

2026-04-03 15:03:48

According to Private Placement PaiPaiWang, billion-yuan private placements—among private placements—are highly favorable toward ETFs. According to statistical data, at the end of 2025, in the top 10 holders lists of ETF funds for 15 billion-yuan private placement firms, the combined total market value held was approximately RMB 11.338 billion.

Among them, the private placement firm with the largest ETF holdings is Chengyang Investment. It holds 24 ETFs, with a market value of approximately RMB 10.445 billion. It is understood that Chengyang Investment is a wholly owned subsidiary of China Chengtong Holding Group established in 2017. It is a state-owned capital operation platform, and its parent company, China Chengtong Holding Group, is a central enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Therefore, Chengyang Investment is a billion-yuan private placement firm with the nature of a “national team.”

In addition, the private placement giant Jinglin Asset holds 2 ETFs, with a market value of approximately RMB 354 million; Liang Wentao’s Honghu private placement holds 3 ETFs, with a market value of approximately RMB 204 million; but Bin’s Oriental Bay holds 4 ETFs, with a market value of approximately RMB 155 million. The ETF holding market values of the remaining billion-yuan private placement firms are all below RMB 100 million. Lin Yuan’s Lin Yuan Investment also appears in the top 10 holders list of 1 ETF, with a market value of approximately RMB 10.02 million.

Li Chunyu, fund manager of the Rongzhi Investment FOF fund under PaiPaiWang Group, says that private placements actively allocate to ETFs mainly for the following reasons: first, ETF products can help private placements achieve cross-industry and cross-market asset allocation, effectively diversifying risk; at the same time, without the need for in-depth research on individual stocks, it helps reduce research costs and improve capital allocation efficiency. Second, ETFs have relatively high liquidity, making it easier for private placements to quickly adjust their holdings when markets fluctuate, achieving the purpose of hedging risk and smoothing portfolio volatility.

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