Shanghai Shenxin

In 2003 Shanghai Jinmao Football Club was founded in the Zhabei District of Shanghai by Jinmao Group and the local FA. Before the club was able to participate in the 2003 China League Two, Jinmao Group withdrew from the position of the main shareholder of the club, which was filled in by Shanghai real estate company Hengyuan Corporation, and the club was in turn renamed Shanghai Hengyuan Football Club. In their first season, they failed to reach the finals at the end of the campaign. During this period top-tier side Bayi FC were in financial difficulties. Shanghai Hengyuan were interested to taking over the entire club especially their position in the top tier of the Chinese football pyramid, however this was unable to be achieved because many of the first team had already left the club. Shanghai Hengyuan then concentrated on buying Bayi's youth team and on April 2, 2004, a new club named Nanchang Bayi Hengyuan Football Club was established with players who had played for the Shanghai Hengyuan Football Club and the Bayi U-19 team. The club moved to Nanchang, Jiangxi and play at the 26,000 seater Nanchang Bayi Stadium to take advantage of the region's lack of football representation, yet strong support. Playing at the bottom of the Chinese football pyramid in the third tier the club brought in Li Xiao to manage the team. He quickly guided the team to win the Yi League in 2005 and promotion to the Jia League. After this achievement Li Xiao became the club's vice-chairman. High-profile managers Zhou Suian and then Zhou Bo came to manage the team with little success. Li Xiao returned to manage the team until November 27, 2008, when he decided to resign at the end the season.

The club then brought in Zhu Jiong who despite having a slow start to the season quickly guided the club to a runners-up position and promotion to the Chinese Super League for the first time in the club's history. The club struggled to settle within the league, until Chen Zhizhao's ten league goals enabled the team to narrowly avoid relegation when they finished thirteenth within the league. In the following season the club had a contract dispute with Chen Zhizhao and they spent the whole season without their top goalscorer. Despite this they again just avoided relegation. With the team perpetual relegation contenders and constantly disappointing crowd support, the Hengyuan Corporation decided that it would be easier to bring the team back to Shanghai and closer to the company's headquarters. The club moved into 30,000 seater Jinshan Football Stadium at the beginning of the 2012 league campaign and was renamed Shanghai Shenxin Football Club.

After the renaming, the club struggled to stay afloat between the higher spending clubs in Shanghai, Shanghai Shenhua and Shanghai SIPG, and were relegated to the China League One following the 2015 season. In 2018 the club's owner Xu Guoliang and his company the Hengyuan Corporation would become embroiled in a bitter dispute with the Bank of Shanghai where he claimed that they had embezzled more than 20 billion yuan of his assets from his company and that now all of his assets were frozen. With the club's owner in financial difficulties they would sell any player to remain afloat, however this resulted in their relegation at the end of the 2019 league season. With even more of a loss of revenue from being in the third tier the club would admit to the Chinese Football Association that they were in financial difficulties and were unable to pay the teams wages for the whole of the 2019 league season so they decided to disband on 3 February 2020.