6月新登记12家私募基金管理人，3家外资巨头入华丨睿兽分析

Core Viewpoint - The article discusses the recent registration of 12 new private equity and venture capital fund managers in June 2025, highlighting the increase in the number of registered institutions and their focus on strategic emerging industries in China [3][4]. Group 1: New Fund Managers - In June 2025, the Asset Management Association of China approved the registration of 12 new private equity and venture capital fund managers, an increase of 10 from the previous month [3]. - Among the newly registered institutions, 7 are state-owned and 5 are market-oriented [3]. Group 2: Fund Manager Profiles - Suzhou Zhanzheng Private Fund Management Co., Ltd.: Established in August 2024 with a registered capital of 120 million RMB, focusing on high-end equipment, biomedicine, AI, low-altitude economy, and new energy [5][6]. - Huaian Zhanzheng Private Fund Management Co., Ltd.: Established in January 2025, managing a 1 billion RMB fund aimed at high-end equipment and smart manufacturing [6]. - Shanghai Yuanbo Private Fund Management Co., Ltd.: Established in March 2024, a market-oriented institution with a focus on various investment sectors [6]. - Hines (Shanghai) Private Fund Management Co., Ltd.: A subsidiary of Hines Group, focusing on real estate and venture capital investments [6]. - Shanghai Shangjiao Siyuan Private Fund Management Co., Ltd.: Established in January 2025, with a registered capital of 10 million RMB [6]. - Hefei State Capital Venture Investment Co., Ltd.: A state-owned enterprise focusing on new production capacity and future industries [6]. - Daiming (Shanghai) Private Fund Management Co., Ltd.: A subsidiary of Temasek, focusing on life sciences and technology investments [6]. - Xuzhou Zhanzheng Private Fund Management Co., Ltd.: Managing a 3 billion RMB fund focused on advanced manufacturing [7]. - Yancheng Zhanzheng Private Fund Management Co., Ltd.: Managing a 2 billion RMB fund focused on green and low-carbon industries [7]. - Annaide Private Fund Management (Beijing) Co., Ltd.: Established in August 2024, with an asset management scale exceeding 50 billion USD [7]. - China Telecom Private Fund Management Co., Ltd.: A subsidiary of China Telecom Group, focusing on cloud computing and information security [7]. - Dalian Haichuang Dingsheng Private Fund Management Co., Ltd.: A professional investment platform focusing on AI and high-end manufacturing [7]. Group 3: Registration and Capital Analysis - Among the 12 new fund managers, 6 have a 100% paid-in capital ratio, while China Telecom Private Fund has the lowest at 25% [11]. - The average time taken for registration was approximately 113 days, with the fastest being 18 days for China Telecom Private Fund and the slowest being 326 days for Dalian Haichuang Dingsheng [13]. Group 4: Legal Support - All 12 new fund managers utilized different law firms for their registration process, indicating a diverse legal support network [15].