Executive Directory

Eric Chan is the Chief Financial Officer and Chief Investment Officer of CITIC Capital. He heads up various businesses in Principal Investments and is an investment committee member of CITIC Capital and various funds. Prior to joining the firm, Mr. Chan was an investment professional at the Government of Singapore Investment Corporation and the International Finance Corporation responsible for both direct investments and fund investments in Asia. He previously worked for Deloitte and had corporate finance experience with both listed companies and merchant bank.

Mr. Chan received a M.Sc. in Finance from the London Business School and a BBA from The Chinese University of Hong Kong.

Emil Cheung oversees our Structured Investment and Finance​ business. Prior to joining the firm, he was at the Commonwealth Bank of Australia, Societe Generale Asia Limited and the Bank of China, specializing in investment banking, corporate finance and direct investment.

Mr. Cheung received an MBA from the Australian Graduate School of Management at the University of New South Wales and a B.A. from The Chinese University of Hong Kong.​​​​​​​​

Stanley Ching oversees the investment management and fund operations of our real estate business. Mr. Ching has over 20 years of professional experience in investment management, investment banking and corporate banking with China focus. Prior to joining the firm, he worked for HSBC Group, Societe Generale Asia (Hong Kong and Shanghai) and Industrial Bank of Japan.

Mr. Ching received an M.Sc. in Finance from Temple University and a B.A. from the University of West ​Florida.

Annie Fung is the Chief Operating Officer at CITIC Capital, who has overall responsibility for the company’s strategic planning and development for new businesses, products and markets. She also oversees the investment process and risk management of the company’s principal investment activities and leads the management of the company’s investor and corporate relations, human resources & administration, and information technology operations.

Ms. Fung began her career with Citigroup in 1984 and held various roles at the U.S. bank, including Global Product Head of Alternative Investments for Citigroup Private Bank, was formerly a senior banker for Citigroup Private Bank in Asia Pacific, and also worked for its corporate and investment banking arm.

​Ms. Fung received a B.A. in Business Administration with Honors from The University of Hong Kong. ​

Anthony Ho is responsible for the accounting and finance of the Company. Mr. Ho has extensive experience in capital markets, auditing, and corporate governance. Prior to joining the firm, he worked with KPMG as Partner in the Capital Markets Advisory Group.

Mr. Ho received his Bachelor of Business Administration (Accounting and Finance) from The University of Hong Kong. He is a Certified Public Accountant and a member of Hong Kong Institute of Certified Public Accountants.

Kairui Huang is responsible for equity investment at Vision Capital, the asset management affiliate of CITIC Capital, with a focus on contrarian investment strategy, cyclical industry and manufacturing sector research. Prior to joining the firm, Mr. Huang was an Investment Director at New Power Capital Investment Co., Ltd responsible for family office business. Before that, he worked at Springs Capital as an Assistant to the Investment Director, directly involved in the management of investment portfolio and daily operations.

Mr. Huang received his Master and Bachelor’s degree from the School of Economics & Finance, Renmin University of China.

​Jane Jian is responsible for project management and fund operations of our ESG investment business. Prior to joining the firm, Ms. Jian served as Portfolio Officer at International Finance Corporation (IFC), Finance Manager in BP (Asia Pacific and China), and Financial Analyst in Lucent Technologies.

Ms. Jian obtained an MBA from Texas Christian University and a Bachelor’s degree in Finance from the Central University of Finance and Banking.​

Joey Jiang is responsible for the development and execution of non-performing loan projects, distressed real estate, and other special assets for our Special Situations business. Mr. Jiang has around 15 years of experience in alternative investment, asset management and mezzanine financing. From 2015 to 2020, he was a Director of our Structured Investment and Finance business managing the development and execution of investment products and projects. Prior to joining us in April 2015, he was with China Cinda Asset Management Co., Ltd. responsible for various types of special situation investments including mezzanine financing and real estate financing.

Mr. Jiang received an EMBA from Arizona State University, an MBA from Peking University, and a Bachelor of Law from Shanghai University. He holds a Certificate of Legal Professional Qualification of the People’s Republic of China.

Ryan Liu is responsible for the daily management of Vision Capital, the asset management affiliate of CITIC Capital. He possesses deep knowledge and experience in the China Asset Management industry covering banks, brokerages, and publicly offered funds, etc. Prior to joining us in September 2019, Mr. Liu was the General Manager at Golden Eagle Asset Management Co., Ltd oversaw the operation and management of the company. Prior to that, he served as the General Manager at Guangzhou Securities Co., Ltd, fully responsible for the firm’s Asset Management business. He had also worked for China Everbright Bank’s Asset Management Department responsible for derivatives, equities, and QDII businesses, etc.

Mr. Liu received his Ph.D. in Finance from Southwestern University of Finance & Economics, and M.Sc. in International Securities, Investment and Banking from the ICMA Centre, University of Reading, U.K.

Tony Liu is the Deputy Chief Operating Officer at CITIC Capital. He is responsible for overseeing and managing onshore operations of the Company and portfolio management of the Company’s principal investment activities. Prior to joining the firm in 2010, Mr. Liu worked at Ernst & Young Shenzhen Branch.

Mr. Liu obtained his Bachelor of Economics in Marketing from People’s University of China Business School.

Samuel Lu is responsible for our real estate investments in China. Prior to joining the firm in 2013, Mr. Lu served as a Securities Affairs Representative at Cinda Real Estate Co., Ltd. Before that, he worked at Cinda Investment Co., Ltd. and Shanghai Tongda Venture Capital Co., Ltd.

Mr. Lu obtained his Master of Science in International Financial Markets at University of Southampton and Bachelor’s degree in Accounting from Beijing Technology and Business University. He is an Associate Member of Institute of Financial Accountants in the United Kingdom.​​

David Pan is responsible for culture and tourism investment business. Prior to rejoining us in 2016, he was with China Orient Summit Capital Co., Ltd (COS-Capital) as their Managing Director. From 2000 to 2015, Mr. Pan worked for various departments at CITIC Capital including Debt Capital Markets, Real Estate, and Structured Investment & Finance. Before 2000, he was the Shanghai Representative of Banco Espirito Santo, a Portuguese bank. From 1997 to 1998, he was the Head of Foreign Trade Finance Department of Societe Generale’s Shanghai Branch, covering French soft loan, export credit, and project finance.

Mr. Pan graduated from East China Normal University’s Faculty of Education. He also holds a Post Graduate Diploma in Business Law from Shanghai University of International Business and Economics (formerly known as Shanghai Institute of Foreign Trade).​

Dr. Guorong Qian leads our culture & tourism investment business. Before joining the firm in 2002, he was the General Manager of Brokerage and Asset Management department in CITIC Securities and the General Mana​​ger of Ka Wah Capital. Previously, he worked as the Managing Director at China VentureTech Investment Company in Hong Kong, where he ran the corporate finance, securities, and asset management departments.

Dr. Qian was once an Associate Professor at China​’s Liaoning University lecturing international finance. He was also a guest lecturer in economics at the University of North Carolina. He received a Ph.D. from the Fin​​ance Institute of the People’s Bank of China.

Zhifeng Sun is responsible for equity investments business, with a primary focus on the healthcare and medical technology sectors. Prior to joining us, Mr. Sun worked with China Resources Group, during which he had extensive working experience in various departments, including Finance, Strategic Management and Hospital Business Department.

Mr. Sun obtained his Bachelor in Economics from Beijing Technology and Business University.

Fanglu Wang heads our ESG investment business. He has over 30 years of experience in capital markets, corporate finance, financial engineering and risk management. He has led several major capital raising transactions for the China Ministry of Finance and other major corporations. Mr. Wang was the former Head of Product Marketing and Sales for China at HSBC, a Director in Investment Banking and De​​bt Capital Markets at Merrill Lynch Asia, a Vice President at Citibank Hong Kong and an Executive Director at Sakura Global Capital.

Mr. Wang received an M.A. in Statistics from the University of Chicago, a B.Sc​​. in Mathematics and a B.A. in Journalism from Fudan University in Shanghai. ​​

Kenan Wang oversees our Special Investments Business. Prior to joining the firm in 2017, he was the Deputy General Manager of China Cinda (HK) Holdings Co., Ltd. where he supervised Direct Investment and Capital Market businesses. He was also an Executive Director in China Cinda (HK) Asset Management Co., Ltd. Mr. Wang worked at China Cinda for over 15 years and had intensive working experience in Distressed Asset, Mergers and Acquisitions of problem institutions and Special Situations Investment. He was a Non-Executive Director at Xian Bank and China Agriculture Industrial Development Fund.

Mr. Wang received his Master of Law from the China University of Political Science and Law and his Bachelor of Law from Beijing Institute of Technology. He is a qualified lawyer in China and serves as an arbitrator for several prominent institutions, including the Beijing Arbitration Commission (BAC), the Shenzhen Court of International Arbitration (SCIA), and the Shanghai International Arbitration Center (SHIAC).

Lisa Wang is responsible for investment and fund management of real estate business. Prior to joining us in 2008, she served as an Assistant Vice President, Operations and Finance at CR Capital Real Estate Partners (formerly known as Harvest Capital Partners). Before that, she worked as a Business Manager, Financial Management at China Vanke Co. Ltd.

Ms. Wang obtained her Master of Science in Real Estate, Finance Track from Massachusetts Institute of Technology and both Master’s degree in Management Science & Engineering and Bachelor’s degree in Technical Economy from Central South University. She has qualification of Chinese Certified Public Accountant.​​

Rosanna Whong is responsible for all aspects of the Human Resources and Administration. Having worked with various international professional services and management consultancy firms in the past, including AT Kearney, Deloitte Consulting, Ernst and Young and SAP, Ms. Whong has extensive experience in human resources management.

Ms. Whong received a Master’s degree in Human Resources Management from the Macquarie University, Australia and Human Resources Diploma from the University of Hong Kong. ​​​

Zhendong Xie is responsible for fund management and operations at Vision Capital, the asset management affiliate of CITIC Capital. Prior to joining us in 2019, Mr. Xie was the Deputy General Manager of Fund Management Department at Hua’an Fund Management Company Limited. He worked in Hua’an for 8 years, had managed a number of funds and served as research team leader in consumption sector. Before that, he worked at Huatai United Securities as a Researcher, focused on Automotive industry.

Mr. Xie received his Master of Electrical Engineering from University of California, Los Angeles, and Bachelor of Applied Physics from Tianjin University.

Jun Yan oversees the operations and management of the Greater Bay Area business. Prior to joining us in 2024. Mr. Yan served as the Party Committee Secretary of CITIC Financial Assets Management Shenzhen Branch. From 2006 to 2022, he worked at the CITIC Bank Shenzhen Branch, where he became the Deputy Branch Manager in 2013. During his tenure, he oversaw corporate banking and investment banking businesses and also served as the Risk Director, accumulating extensive experience in team leadership and risk management. Before joining CITIC Bank, Mr. Yan had worked at several financial institutions, including Bank of Communications and Shanghai Pudong Development Bank.

Mr. Yan received his MBA from the Hong Kong Metropolitan University and Bachelor’s degree in Finance from Hunan University (formerly Hunan University of Finance and Economics) in China.

Changxing Zeng is responsible for risk management of fund products at Vision Capital, the asset management affiliate of CITIC Capital. He is also the Chief Risk Officer at Vision Capital. He has strong experience in managing fund products as well as risk management. Prior to joining us, Mr. Zeng worked in Golden Eagle Fund Co., Ltd as Chief Inspector. and previously as Executive Deputy General Manager responsible for fixed income investment of public funds, special accounts and development and R&D of new fund products. Before joining Golden Eagle Fund, Mr. Zeng worked in CPIC Fund Co., Ltd as Director of Fund Product R&D Department. He had also worked in Essence Securities Co., Ltd.

Mr. Zeng received his Ph. D. in Finance from Jinan University, Master’s degree from Guangdong Provincial Party School and Bachelor’s degree from South China Normal University.

Dr. Haitao Zhang heads Vision Capital, the asset management affiliate of CITIC Capital. Dr. Zhang has over 30 years of investment management experience. Prior to joining the company in 2002, he was the Chief Investment Officer at China’s State Administration of Foreign Exchange (SAFE), managing the country’s foreign exchange reserves.

Dr. Zhang received a Ph.D. in Finance from the Renmin University of China, Beijing.

Yichen ZHANG is the Chairman and CEO of CITIC Capital and the Chairman of Trustar Capital.

Mr. Zhang began his career on Wall Street in 1987 at Greenwich Capital Markets. He later joined Bank of Tokyo as Head of Proprietary Trading, and Merrill Lynch as Managing Director of Debt Capital Markets for Greater China. In 2000, he joined CITIC Group as the President of CITIC Pacific Communications and Executive Director for CITIC Pacific (now CITIC Limited).

Mr. Zhang founded CITIC Capital in 2002 and has been involved in all phases of the firm’s development since then, including the establishment of Trustar Capital as its affiliated private equity business. Under his leadership, CITIC Capital and Trustar Capital have led a number of landmark deals, investing in some of China’s leading companies, including McDonald’s China, Alibaba, Sina, Harbin Pharmaceutical, SF Express, AsiaInfo and Focus Media. Through these investments, he currently serves as the Chairman of McDonald’s master franchised business in China & Hong Kong, the Chairman of Harbin Pharmaceutical Group Holding Company, as well as the Chairman of GNC. He also sits on the boards of the Hong Kong Exchange and Vanke.

Mr. Zhang is a leader in the alternative investment industry. He is an Executive Committee member and former chairman of the China Venture Capital and Private Equity Association (CVCA). He is also a vice chairman in Beijing Private Equity Association (BPEA), Tianjin Private Equity Association, and a vice chairman of the PE and Buyout Funds Committee under the Asset Management Association of China (AMAC).

Mr. Zhang is also a leader in political, economic and social communities. He is a member of the Eleventh, Twelfth, Thirteenth and Fourteenth (current) National Committees of the Chinese People’s Political Consultative Conference (CPPCC), Senior Vice Chairman of the Center for China and Globalization (CCG), a member of the Board of Trustees at the Carnegie Endowment for International Peace, a council member of Future Forum, a board member of Aiyou Foundation, and a Director of Yabuli China Entrepreneurs Forum.

Mr. Zhang obtained his degree in Computer Science from Massachusetts Institute of Technology. A strong believer in education, Mr. Zhang has been supporting Phillips Academy Andover as a trustee, Yale Asia Development Council as a council member, Dalton Foundation as a board member, Duke Kunshan University as an advisory board member, and the Tianjin Juilliard School as an advisory board member.

Yuhan Zhang is responsible for equity investments in the innovation and technology sector. Prior to joining us in 2012, he worked as an Associate at the Investment Bank Department of China Securities Co. Ltd responsible for M&A, listing and financing.

Mr. Zhang obtained his Master of Computer Science and Bachelor of Science in Mathematics from Beijing University of Posts and Telecommunications.

Jasen Zhong is responsible for asset management in our special investments business. Prior to joining us in 2021, Mr. Zhong worked at the Shenzhen subsidiary of China Cinda Asset Management for more than seven years, accumulating extensive investment and portfolio management experience across various frontline departments. His last position at Cinda was Senior Deputy Manager of the Business Development Department

Mr. Zhong holds a Master of Finance from Jinan University and a Bachelor of Finance from Jiujiang University. He is a Certified International Investment Analyst, a Financial Risk Manager, and admitted as a Solicitor to the Chinese Bar.

Janet Zhou is responsible for overall legal support to PRC-related transactions of CITIC Capital, and is also responsible for daily operation and management of Legal & Compliance department, general corporate legal matters as well as compliance function. Ms. Zhou has more than 20 years of working experiences in PRC-related legal services. Prior to joining CITIC Capital, Ms. Zhou worked at Kangda Law Firm Shanghai Office, Woo, Kwan, Lee & Lo Law Firm and Legal & Secretarial Department of Henderson (China) Investment Co. Ltd.

Ms. Zhou received her Master and Bachelor of Economics from East China Normal University. She also obtained a Bachelor of Laws from East China Institute of Politics and Law. Ms. Zhou is a qualified P.R.C. lawyer as well as a registered tax advisor in the P.R.C.​​​​

Weifeng Zhou is responsible for the management of the China equity investment team and fund operations at Vision Capital, the asset management affiliate of CITIC Capital. He also serves as the Co-CIO at Vision Capital. Mr. Zhou possesses deep knowledge in managing equity funds as well as solid team management skill. Prior to joining us, he had been with Guotai Asset Management for over 12 years. His last position was the Head of Active Portfolio Business Unit I. Before that, he worked at China Aerospace Science and Technology Corporation.

Mr. Zhou received his Master of Investment Economics degree from Shanghai University of Finance & Economics and a Bachelor of Mechanical Engineering & Automation degree from Central South University.

Ruicheng Zhu is responsible for investment accounting and transaction management of our real estate business. Prior to joining us in 2007, Mr. Zhu served as a Relationship Manager in Corporate Banking Department at Bank of China, Jiangsu Branch. He started his career at Nanjing Vanke Real Estate Co. Ltd.

Mr. Zhu obtained his Bachelor of Economics from Shanghai University of Finance and Economics.

Jony Zhuang is responsible for asset management in our Special Investments business. Prior to joining us in 2021, Mr. Zhuang served as an Assistant Vice President of Mezzanine & Credit Department at CDH Investment Management Co., Ltd. Before that, he worked as Senior Deputy Manager of China Cinda Asset Management Shanghai Branch.

Mr. Zhuang received his Master of Finance from the University of New South Wales in Australia and his Bachelor of Business Administration from Tongji University.