Zewang Ni

Zewang Ni is a veteran Chinese investor who served as chairman of Shenzhen Capital Group (深创投), one of China's largest state-backed venture capital firms . He joined the firm in 2015 after predecessor Haitao Jin retired at age 61, bringing a background as former district party secretary of Shenzhen's Luohu district rather than a conventional finance track . During his tenure, Ni articulated the firm's mission in explicitly policy-aligned terms: "Whatever the country needs, Shenzhen Capital Group invests in that," as he put it at a 2022 annual work meeting . He also voiced early and public concern about the exit crunch in China's primary markets, warning in a 2018 speech that "investors' money, in all likelihood, won't come back" — a remark that 暗涌Waves later read as prescient rather than merely pessimistic, given the years of mounting exit difficulty that followed . As of early 2024, reports indicated Ni was approaching retirement age, with the firm's president Ding Zuo positioned as his likely successor .