The recent popularity of the historical drama "Taiping Year" has significantly increased public interest in the "Qian Family" and the "Wuyue Kingdom" they founded within the show.
Historical records indicate that Qian Liu established the Wuyue Kingdom in 907 AD, with its capital in Hangzhou. The kingdom ruled over the entirety of modern-day Zhejiang and Shanghai, as well as southern Jiangsu and northern Fujian, for 86 years. Qian Liu implemented a national policy of "securing the borders and pacifying the people." His administration constructed seawalls to guard against tidal floods, dredged West Lake to improve water conservancy, and promoted agriculture, sericulture, and commerce. These efforts made Wuyue one of the most economically prosperous and socially stable regions of its time, laying the foundation for the future prosperity of the Jiangnan area.
After a millennium of inheritance, the Qian family has produced an extraordinary number of talented individuals, earning recognition as a "millennium-old prestigious clan, the foremost family of the Zhejiang region." From the Tang to the Song dynasties, the Qian family produced over 320 individuals who passed the imperial examinations. In modern times, the family's talent pool has exploded, giving rise to hundreds of academicians and giants in various fields. These include "the father of China's aerospace," Qian Xuesen, master of Chinese studies Qian Mu, and "the number one talented scholar of the Republic of China," Qian Zhongshu, spanning science, technology, diplomacy, culture, and more, forming a unique "Qian phenomenon."
Additionally, the Qian family is also prolific in producing prominent figures in the private fund industry. According to data, as of the end of January 2026, 25 individuals with the surname Qian serve as actual controllers of private fund firms, while 90 individuals with the surname Qian work as fund managers.
The "Wuyue Kingdom" under the management of the Qian family laid a certain foundation for the prosperity and wealth of the modern Jiangsu-Zhejiang region. Precisely because of this economic development, the Jiangsu-Zhejiang area has become a major hub for private funds in China. Data shows that over 2,800 private fund firms are located in cities within the ancient borders of the "Wuyue Kingdom" (primarily Shanghai and Zhejiang), accounting for nearly 40% of the national total.
Nationwide, there are 243 leading private fund firms with assets under management exceeding 5 billion yuan. Among these, 128 are located in Shanghai and Hangzhou combined, representing more than half of the total. Well-known firms such as Greenwoods Asset Management, Minghong Investment, Chongyang Investment,