First Plus launched its China subsidiary, Hanxing Jiaye Investment (Hainan) Co. Ltd., 瀚兴嘉业投资（海南）有限公司, in July 2021, with Yang Lu as its CEO.
Registered in Hainan, the entity is wholly owned by First Plus Financial Holdings, serving as an important platform to help manage investments in China.
As the second largest economy globally, China has been the largest single contributor to world growth since the global financial crisis of 2008. With a population of over 1.3 billion, it continues to attract global investment. It is now the second largest country in terms of venture deal value, primarily due to a variety of programs intended to develop Chinese economic and technology infrastructures
First Plus is always positioned as a gateway to deliver superior risk adjusted returns by connecting the capital and opportunities between the East and the West with China considered to be one of the largest potential markets. First Plus demonstrates a strong background and legacy in mainland China market with massive investment and management experience of both founders and teams with leading financial institutions in China, such as PingAn Insurance Group and Bank of China.
With the setup of its management platform, First Plus is intended to expand its business in China, especially in the sector such as fintech, real estate and healthcare.