# China Structural Reform Fund

> China Structural Reform Fund is a VC fund in Beijing backing Manufacturing and Semiconductor. See 47 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 47
- Last investment: Mar 2026
- Lead investor: 47%
- Last updated: Aug 2026
- Website: http://www.cctfund.cn/

China Structural Reform Fund is a VC fund in Beijing focused on Manufacturing and Semiconductor. China Structural Reform Fund aims to provide state-owned enterprises support in development, industrial consolidation, professional reorganization, capacity adjustment and international mergers and acquisitions by establishing sub-fund as well as direct investment.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $6.8M–$2.5B |
| Series B | $43M–$283M |
| Series C | $14M–$310M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 16 | 34% |
| Semiconductor | 9 | 19% |
| Biotechnology | 7 | 15% |
| Electronics | 5 | 11% |
| Advanced Materials | 5 | 11% |

52 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 11 | 23% |
| Series B | 6 | 13% |
| Series C | 5 | 11% |
| Series E | 4 | 9% |
| Funding Round | 4 | 9% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 37 | 79% |
| Israel | 1 | 2% |
| Hong Kong | 1 | 2% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Guorui Xinwei | Guorui Xinwei is an independent industrial software and intelligent manufacturing solutions provider. |  | Series A | Mar 11, 2026 |  |
| SIRUI | SIRUI is an intelligent technology company oriented to key core technologies such as "semiconductor equipment" and "new display". |  | Series C | Dec 23, 2025 |  |
| Semisic | Semisic is a domestic enterprise engaged in the production and R&D of silicon carbide, a third-generation semiconductor material. | $112.6M | Venture - Series Unknown | Nov 17, 2025 |  |
| xFusion Digital Technologies | Hyperfusion is a cloud computing and IT infrastructure provider dedicated to supporting the digital transformation of enterprises and providing users with intelligent computing products and solutions, including general-purpose servers, intelligent management, and operation and maintenance. |  | Venture - Series Unknown | Nov 05, 2025 |  |
| Star Navigation Internet | Star Navigation Internet is a professional company.It provides integrated solutions based on satellite communications for transport aviation |  | Private Equity | Mar 25, 2025 |  |
| AVICOPTER PLC | AVIC Helicopter is a manufacturer and developer in the domestic helicopter industry that specialises in designing, developing, and producing helicopters, airplane parts, and aviation-related products. The company offers a comprehensive range of civil helicopters, general aircraft, and aviation solutions, including new energy aircraft and electricvertical take-off and landing (eVTOL) aircraft. With a focus on high-end equipment manufacturing, AVIC Helicopter serves government, corporate, and consumer markets. | $414.9M | Post-IPO Equity | Jul 25, 2024 |  |
| CIX Technology | This Core Technology offers next-generation intelligent computing solutions, designing and developing spec intelligent computing systems. |  | Series A | Apr 15, 2024 |  |
| Infimotion | InfiMotion is a company that specializes in the development, manufacturing, and selling of high-performance electric drive systems (EDU) for pure electric and hybrid electric vehicles. |  | Series A | Mar 26, 2024 |  |
| Yuntu Semiconductor | Yuntu Semiconductor is a fabless semiconductor and integrated circuit developer in the field of automotive-grade chips. |  | Series B | Feb 01, 2024 |  |
| Heli Chuangxin | Helichuangxin specializes in the development of power chip proton irradiation technology. It focuses on the study, development, and promotion of power chip proton heavy ion irradiation technology, as well as the provision of associated chip products and services to industry users. | $41.4M | Seed | Jan 16, 2024 |  |

10 of 47 investments shown.

## Co-investors
- [Guolian Securities](https://shizune.co/investors/profile/guolian-securities) — VC Fund, 3 deals together
- [Shenzhen Capital Group](https://shizune.co/investors/profile/shenzhen-capital-group) — VC Fund, 3 deals together
- [Tencent](https://shizune.co/investors/profile/tencent) — VC Fund, 3 deals together
- [Xiamen C&D Corporation](https://shizune.co/investors/profile/xiamen-c-d-corporation) — VC Fund, 3 deals together
- [Affirma Capital](https://shizune.co/investors/profile/affirma-capital) — VC Fund, 2 deals together
- [BOCOM International](https://shizune.co/investors/profile/bocom-international) — VC Fund, 2 deals together

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## FAQ

### What does China Structural Reform Fund invest in?

China Structural Reform Fund invests primarily in Manufacturing, Semiconductor and Biotechnology startups, most often at Series A and Series B stage. Most of the 47 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is China Structural Reform Fund's check size?

China Structural Reform Fund typically joins rounds of $6.8M–$2.5B at Series A, $43M–$283M at Series B and $14M–$310M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds China Structural Reform Fund participates in.

### When did China Structural Reform Fund last invest?

The most recent investment recorded for China Structural Reform Fund closed in Mar 2026. Shizune tracks 47 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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