Investment Team
The Management Team Of CDH Investment Is A Fund Management Team With Rich Experience In Equity Investment And Capital Operation. Wu Shangzhi

Prior to founding CDH, Mr.Wu was the Head of CICC’s private equity group from its inception in 1995, a Managing Director since 1998 and a member of CICC’s Management Committee from 2000-2002. From 1991 to 1993, he was a Senior Investment Officer at the International Finance Corporation. From 1984 to 1991, he was an Operation Officer at the World Bank. After leaving the IFC/World Bank, Mr.Wu returned to China to become a founding partner and Managing Director at Beijing Copia Consulting Company Ltd. Mr.Wu received his Ph.D. in Mechanical Engineering and M.S. in Management of Technology from Massachusetts Institute of Technology.

Wu Shangzhi
Chairman Alex To

Prior to joining CDH in 2022, Mr. To was Co-head of Asia Pacific Investment Banking at Bank of America Securities. He has been instrumental in building the Bank of America investment banking franchise (formerly Merrill Lynch) into one of the market leaders across the Asia Pacific region. Prior to joining Bank of America Securities in 2014, Mr. To was Co-Head and later Chairman of China Investment Banking at Morgan Stanley. Mr. To has originated, led and executed many of Asia's landmark and most profitable transactions including equity, debt, derivative and cross-border M&A transactions for both state-owned and private-sector clients. Prior to commencing a career in investment banking, Mr. To practiced law in Hong Kong and advised clients in China on capital markets and M&A transactions. Mr. To received a Juris Doctor degree from the University of Southern California, and a Bachelor's degree from the University of California - Los Angeles.

Chief Executive Officer
Alex To
Chief Executive Officer Hu Xiaoling

From 1999 until co-founding CDH, Ms. Hu was a Senior Associate in CICC’s private equity group. From 1995 to 1999, she was a Senior Auditor with Arthur Andersen where she provided auditing and business advisory services to foreign and domestic publicly listed companies and foreign investment companies. Ms. Hu received her M.S. degree in Economics and her B.S. degree from Northern Jiaotong University. Ms. Hu is a member of the Association of Chartered and Certified Accountants of United Kingdom and a qualified Securities Certified CPA.

Managing Partner
Private Equity
Hu Xiaoling
Managing Partner
Private Equity Wang Lin

From 1999 until co-founding CDH, Mr.Wang was a Senior Associate in CICC’s private equity group. From 1994 to 1999, Mr.Wang was a Senior Manager in China National Investment and Guaranty Corporation’s Loan Guarantee Department. From 1993 to 1994, Mr. Wang was a project manager at De Bao Real Estate Developing Corp., a wholly owned subsidiary of the Ministry of Finance. He received his Ph.D. and M.S. degree from the Research Institute for Fiscal Sciences of the Ministry of Finance and his B.S. degree from East China Jiao Tong University.

Managing Partner
Venture and Growth Capital
Wang Lin
Managing Partner
Venture and Growth Capital Francis Ho

Mr. Ho joined CDH Private Credit in 2011. From 2006 to 2011, Mr. Ho was the Senior Investment Executive Director of Property Investment Division in Pingan Trust. Prior to that, Mr. Ho was the Investment Director in Shenzhen Taskin Investment Advisory Company. Mr. Ho received his master’s degree in finance from the University of New South Wales and bachelor’s degree in economics from Zhongshan University.

Managing Partner
Private Credit
Francis Ho
Managing Partner
Private Credit Ying Wei

Mr.Ying founded CDH Baifu in 2012. Prior to joining CDH in 2009, Mr.Ying was the Director, Vice President, and Operations Director of China Resources (Holding) Ltd. Mr.Ying received his Bachelor of Management in Accounting from Hangzhou Institute of Commerce and his M.B.A. from the University of San Francisco. 

Managing Partner
Ying Wei
Managing Partner
Baifu LI Gang

Prior to founding Cephei in 2006, Mr. Li was the Managing Director and Head of the Sales & Trading Department of China International Capital Corporation (“CICC”). From 1992 to 1997, he was the Manager of Portfolio Analytics and Corporate Finance at the Federal Home Loan Mortgage Corporation (Freddie Mac). Mr. Li received his Ph.D. and M.S. in Operations Research from Case Western Reserve University.

Executive Chairman
Cephei Capital
LI Gang
Executive Chairman
Cephei Capital Guo Li

Ms. Guo joined CDH Investments in 2002. From 1997 to 2001, Ms. Guo was a senior staff at Arthur Andersen. Ms. Guo is a Certified Public Accountant and received her MBA the University of Chicago Booth School of Business, a bachelor’s degree from the Central University of Finance and Economics, and a CPA.

Chief Financial Officer
Guo Li
Chief Financial Officer