Core Viewpoint - The private equity fund industry in China has reached a record high of 22.09 trillion yuan by the end of November, driven by various factors including policy support and market recovery [1][2]. Group 1: Growth of Private Equity Funds - The overall scale of private equity funds has shown a growth trend, increasing from 19.91 trillion yuan at the beginning of the year to 22.09 trillion yuan by the end of November, marking an increase of over 2 trillion yuan within the year [2]. - As of the end of November, there were 138,100 active private equity funds, with a slight increase of 150 funds compared to the end of October [2]. - In November, 1,689 new private equity funds were registered, with a total new registration scale of 71.342 billion yuan [2]. Group 2: Factors Driving Growth - Multiple factors are driving the growth of private equity funds, including the effectiveness of policies favoring compliant and leading private equity institutions, the recovery of the A-share market boosting investor confidence, and various incremental policies supporting long-term capital [2][3]. - There is a growing demand from residents for equity asset allocation, alongside policy guidance encouraging long-term capital investment and increased interest from overseas funds in quality Chinese assets [3]. Group 3: Positive Signals in the Industry - The private equity and venture capital market has shown a notable recovery, with 4,871 new funds established from January to November, a year-on-year increase of 16.73% [4]. - The total fundraising scale for the same period reached 2.29 trillion yuan, reflecting an 8.09% year-on-year growth [4]. - The number of investment cases increased to 10,007, with an investment scale of 11,930.23 billion yuan, representing year-on-year increases of 30.33% and 31.54%, respectively [4]. Group 4: Future Outlook - The competition logic in the private equity fund industry is expected to fundamentally change, with compliance capability and technological application becoming key competitive advantages for institutions [4]. - The trend of residents shifting asset allocation towards equity assets is anticipated to continue, providing sustained growth momentum for the industry [4].
11月末私募基金规模达22.09万亿元 再创历史新高
Zheng Quan Ri Bao·2025-12-19 15:59