7月新登记16家私募基金管理人，较上月增加4家丨睿兽分析

Core Insights - In July 2025, the Asset Management Association approved the registration of 16 private equity and venture capital fund managers, an increase of 4 from the previous month, with an equal split of 8 state-owned and 8 market-oriented institutions [1] Group 1: Fund Managers Overview - Changcun (Wuhan) Private Fund Management Co., Ltd. was established in May 2023 with a registered capital of 20 million RMB, fully owned by Changcun Capital, which is linked to Yangtze Memory Technologies Co., Ltd. The fund is expected to focus on smart manufacturing [3] - Shenzhen Luohu Private Equity Investment Fund Management Co., Ltd. was established in April 2025 with a registered capital of 20 million RMB, fully owned by Shenzhen Luohu Strategic Emerging Industry Investment Co., Ltd., a state-owned enterprise [3] - Tonghao Venture Capital Fund Management (Beijing) Co., Ltd. was established in May 2025 with a registered capital of 100 million RMB, fully owned by Tonghao Group Capital Operation Co., Ltd. The fund aims to leverage core technologies in intelligent transportation and smart cities [3][4] - Zhejiang Changyu Private Fund Management Co., Ltd. is a new fund manager under Zhejiang Changsanhe Holding Group, focusing on new energy vehicles and key components [4] - Beijing Shenghong Zhixin Private Fund Management Co., Ltd. was established in December 2023 with a registered capital of 10 million RMB [4] Group 2: Registration and Capital Analysis - Among the 16 newly registered fund managers, 10 have a paid-in capital ratio of 100%, while Wuxi Zhanzhen Fund has the lowest paid-in capital ratio at 25% [11][12] - The fastest registration process was for Suqian Zhanzhen Private Fund, taking only 28 days, while Changcun Capital took 451 days [13] Group 3: Legal Services - A total of 12 law firms provided services for the registration of the new fund managers, with Guohao Law Firm (Shanghai) serving three of them [14][15]