Grand Flight Investment Management Co., Ltd. (hereinafter referred to as ‘Grand Flight ’) is an independent industry investment fund with FEHORIZON as the main initiator. As an alternative investment platform managed by a professional team, it follows the core investment idea of “financial assistance + industrial empowerment”, and supports developing Chinese enterprises of high quality. Grand Flight dives into core industries including high-end manufacturing, healthcare, enterprise services, consumption upgrade, and focuses on assisting enterprises to achieve value improvement by precise grafting of financial and industrial resources after investment.
By the end of 2024, the size of assets managed by Grand Flight exceeds 5 billion yuan.It has invested such newly-rising Chinese industrial enterprises in their early-middle periods as Microport Ep Medtech (688351. SH), HyperStrong(688411.SH)Tuhu Yangche (09690.HK,C-round leading investor), Peijia Medical (9996. HK, C-round leading investor), Microport Medical Robots (2252. HK, A-round co-leading investor), Lumi United Technology (B\C-round leading investor), Gaoxian Robots (B-round leading investor), ROKAE (C-round leading investor), and CF Pharmtech.
Investment Strategy
Independent exploration for 100% of projects
Lead investment for 70% of projects
85% of Grand Flight past projects were invested prior to Round C Investment.

- Early stage
-
Focus on science and technology
The next wave of economic growth in China will be driven by scientific and technological innovation will. Grand Flight will keep an eye on emerging scientific and technological innovation enterprises, and obtain excess returns at long-term reasonable prices.
- Growing stage
-
Effective value creation
The rich financial (stock + bond) and industrial resources behind Grand Flight can boost the growth of invested enterprises during their growing stage.
- Maturing stage
-
Continuous value exploration
Grand Flight looks forward to growing together with the invested enterprises, and continues to explore future investment opportunities derived from them.
Investment Portfolio
- Science & Technology
- Healthcare
- Consumption





















Honorary Awards

2024 Young Healthcare Investor of the Year — Gao Ying
Best investment institution for innovative medical devices in 2020
Individual investor of healthcare in 2020 -- Yang Jun
Individual investor of healthcare (under 40) in 2020 -- Gao Ying


China Venture Capital Research Institute
China's TOP30 most favored VC investment institutions by LP in 2022
Annual outstanding individual investor of 2021 -- Gao Ying
China's TOP20 growing institutions in 2021
China's TOP10 new VC investment institutions in 2020
China's TOP10 new VC individual investors in 2020 - Yang Jun


2025 Best Young Investor — Pei Yun
2024 Top 50 Venture Capital Institutions
2023-2024 China's Top 12 Advanced Manufacturing Investment Institutions
2024 Best Young Investor — Pei Yun
2023 China's Top 50 Venture Capital Institutions
2022-2023 China's Outstanding Advanced Manufacturing Investment Institutions
2023 Best Young Investor List — Gao Ying
China's TOP50 venture capital institutions in 2022
Top50 best young individual investors in 2021 -- Pei Yun
Top100 Best VC investment institutions in 2021


2024 China's Best Venture Capital Institutions TOP10
2024 China's Top 50 Corporate Venture Capital (CVC)
2024 Top 10 Medical Device Investment Cases in China's Healthcare Sector
2023 China's Top 50 Corporate Venture Capital (CVC)
2022-2023 China's Top 100 Venture Capital Investors — Yang Jun
2022 China's Top 50 Corporate Venture Capital (CVC)
2022 China's Top 100 Venture Capital Institutions


2024 Most Promising Strategic Investor/CVC
2024 Best Healthcare Investment
2023 Best CVC Investment Institution
2023 Best Healthcare Investment Institution
The most promising CVC in 2022
Best healthcare investment institution in 2022


2024 China Aerospace Industry Investment Fund
2024 Top 100 Venture Capital Institutions in China's Equity Investment Industry
2024 China Aerospace Investor — Pei Yun
2024 China Healthcare Investor — Gao Ying
2024 Top 100 Venture Capital Institutions in China's Equity Investment Industry
2023 Most Popular Investment Institution Among Entrepreneurs
China's Top50 most approved domestic investment institutions by LP in 2022
Top50 most approved venture capital institutions by LP in 2022


2021 Top 10 Best Dark Horse Institutions
Top10 best investment institutions for healthcare in 2020
Top20 most keen-eyed individual investors in 2020 -- Yang Jun


2025 Best Young Investor — Gao Ying
2023-2024 Top 50 Venture Capital Institutions
2024 Best Young Investor — Pei Yun
Top30 best venture capital institutions in 2022
TOP50 best venture capital institutions in 2022
TOP40 best venture capital institutions in 2021


Top 5 most influential growing investment institutions in 2019
Top10 outstanding young investors in 2019 - Yang Jun
Top10 most influential industrial strategic investment institutions in 2018


2025 Top 100 Industrial Investment Institutions
2024 Top 100 CVCs
2024 Top 100 GP Youth Leaders — Pei Yun
2024 Top 20 Advanced Manufacturing Institutions
2024 Top 100 GPs
2023 FOFWEEKLY Youth Leader in Investment — Yang Jun


Top10 comprehensive indicator-RMB fund in 2021
TOP30 comprehensive venture capital institutions in 2021
TOP30 most active venture capital institutions in 2021


2023 Pioneer Industrial Investor — Yang Jun, Founding Partner of Wingtech Investment
2023 Sci-Tech Innovation Investment Pioneer — Gao Ying, Healthcare Partner of Wingtech Investment
"Pioneer of Venture Capital Entrepreneurial Power" in 2022 -- Yang Jun
"Pioneer of Investment" in 2022 -- Pei Yun


China's Top100 best venture capitalists in 2021 -- Yang Jun
China's Top100 best venture capitalists in 2020 -- Yang Jun


Top10 best investment institutions for advanced manufacturing in 2019


Top30 most noteworthy female investors in 2021 - Gao Ying


2024 China's Top 100 Venture Capital Institutions
Zero2IPO "China's Top 100 Venture Capital Institutions in 2022"


Scan and follow,
FEHORIZON official account