During the Late Paleozoic and Early Mesozoic, intensive tectonic and magmatic activity along the northern margin of the North China Craton (NCC) was associated with widespread gold mineralization. This study investigates the petrology, geochemistry, and zircon U–Pb ages of granite porphyry, quartz monzonite, and granite dikes from the Zhuanshanzi gold deposit in the Chifeng–Chaoyang region, central segment of the northern NCC, to constrain the petrogenesis and tectonic evolution. The zircon U–Pb dating yields emplacement ages of 245 ± 3 Ma and 248 ± 3 Ma for the granite porphyry and quartz monzonite, respectively (Early–Middle Triassic), and 364 ± 3 Ma for the granite dikes (Late Devonian). From the Late Devonian to the Early Permian, the study area was an active continental margin characterized by subduction of the Paleo-Asian Ocean beneath the NCC. The Late Devonian granite dikes are peraluminous, high-K calc-alkaline, and adakitic, and likely formed during arc–arc collisions that led to localized crustal thickening. By the Early–Middle Triassic, the Xing’an–Mongolian Orogenic Belt had collided with the NCC, marking the final closure of the Paleo-Asian Ocean. The Early Triassic quartz monzonite is a high-K calc-alkaline, peraluminous C-type adakite, derived from partial melting of thickened lower crust during the late- to post-collisional transition. In contrast, the Middle Triassic granite porphyry exhibits high-K, calc-alkaline, metaluminous A-type granitic affinities, consistent with a low-pressure partial melting of crustal material during post-orogenic extension transitioning to intracontinental rifting. Integrated with previous studies, we conclude that the Zhuanshanzi region records a prolonged evolution from subduction, through arc–arc collision and crustal thickening, to post-orogenic extension and intracontinental rifting of the Paleo-Asian Ocean from the Late Devonian to the Middle Triassic.