Hejun to boost consulting business

Hejun Consulting Group, China's largest consulting company by revenue, aims to expand its consulting business by 25 percent this year, according to a senior executive of the company.

The company also plans to achieve a profit of 1 billion yuan ($160 million) for its fund management business and to double the revenue of its business management school, Liu Jiheng, president of the company, said at a conference celebrating its 15th anniversary in Beijing over the weekend.

At the conference, the company announced the creation of a 300-million-yuan angel investment fund focusing on 100 projects of start-up companies in the telecommunications, media, and technology sectors.

Wang Mingfu, founder and chairman of the company, said that as he has taken note of the potential risks in China's capital market, the company will control the scale of its assets under management at no more than 10 billion yuan.

Founded in 2000 in Beijing, the company saw its consulting revenue increase by 22.6 percent year-on-year in 2014. The company also runs a fund management business with total assets reaching 5 billion yuan last year. It also operated a business management school which was recently listed on the over-the-counter securities market.