Liang Wenfeng's private equity firm has heavily invested in ChangXin Technology.

According to a report by Tencent News Deep Web, the issuance announcement of ChangXin Technology's initial public offering shows that national-level long-term capital such as the Social Security Fund and the Basic Endowment Insurance Fund, as well as leaders upstream and downstream of the industry chain and large insurance capital, participated in the strategic placement. Shenzhen SanKuai Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, Chery Intelligent Automotive Technology (Hefei) Co., Ltd., etc. were allocated an amount of 157,999,993.98 yuan, with a lock-up period of 18 months; Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. was allocated an amount of 157,999,993.98 yuan, with a lock-up period of 36 months. High-Flyer Quant participated in this offline IPO subscription with a proposed subscription price of 8.78 yuan/share; the upper limit of the proposed subscription quantity for each offline transaction was 230 million shares, and most of High-Flyer's products were bid in the range of 70 million to 140 million shares. High-Flyer Quant mainly consists of two parts: Zhejiang Jiuzhang and Ningbo High-Flyer Quant. Both are filed with the Asset Management Association of China, and the actual controllers are both Liang Wenfeng; among them, Liang Wenfeng holds 85% of the shares of Jiuzhang Assets and 85.15% of the shares of Ningbo High-Flyer Quant.