Puhua Capital
Shen Qinhua's Single Family Office · Hangzhou, China
$300M estimated AUM
AUM figures are estimates compiled from public sources. How we source our data.
About Puhua Capital
Puhua Capital (普华资本) is a Hangzhou, China–based investment firm founded in 2004 by Shen Qinhua, its founding partner, who worked as an accountant before moving into investing early in his career. In practice it operates as a venture capital fund manager rather than a conventional single family office, backing growth-stage Chinese companies, with its principal active in public discussion of China's STAR Market and ChiNext listing venues. A third-party estimate places its assets under management at roughly $300 million.
Explore more of the largest single family offices.
Family office research
All articles- Exchange Funds vs. 351 ETFs: How Founder Families Diversify Without a Tax BillHow Section 721 exchange funds, Section 351 ETF seeding, charitable remainder trusts and direct indexing let founder families diversify concentrated stock, and what the IRS's September 2026 guidance changes for advisers.21 min read
- The SEC Family Office Exclusion After Archegos: What Family Offices Still DiscloseWhat Rule 202(a)(11)(G)-1 exempts and what it does not: 13F, 13D/13G after the 2023 amendments, Section 16, Form 13H, Form PF, Form SHO and withdrawn swap reporting, with Archegos as the case study.20 min read
- Raising Capital from Single Family Offices: A Field Guide for Alternatives ManagersHow single family offices actually decide, how they differ from endowments and RIAs as LPs, the Reg D, accredited investor, broker-dealer and marketing rule guardrails, and a step-by-step research and outreach process.20 min read
Frequently Asked Questions
What is Puhua Capital?
Puhua Capital is a single family office associated with Shen Qinhua, based in Hangzhou, China.
Where is Puhua Capital located?
Puhua Capital is based in Hangzhou, China.
How much does Puhua Capital manage?
Puhua Capital is estimated to oversee approximately $300M in assets. As a private family office it files no public AUM disclosures, so figures are third-party estimates compiled from public sources.