Hangzhou Capital
杭州资本
Hangzhou Capital is a state-owned capital operator based in Hangzhou, led by Sun Gangfeng as Party Secretary and Chairman . In a 2025 interview with 暗涌Waves, Sun described the mature state-owned capital platform as having evolved from a pure capital provider to a builder of innovation and entrepreneurship ecosystems, with the city's success attributed to a combination of urban endowment, talent reserves, business environment, and innovation ecology rather than purely policy-driven or government-led gambling . The firm participated as a follower in Zhongke Guosheng's RMB 200 million Series A+ round in March 2025, alongside lead investors CITIC Jinshi and Puhua Capital . elsewheres corpus does not cover Hangzhou Capitals founding date, assets under management, or full investment portfolio.
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