9月新登记5家私募基金管理人，4家为国资机构丨睿兽分析

Core Insights - The article discusses the recent registration of five new private equity and venture capital fund managers in September 2025, highlighting their backgrounds and operational focuses [5][7][9]. Group 1: New Fund Managers - Four private equity and venture capital fund managers and one securities company private fund subsidiary were approved for registration [5]. - The newly registered fund managers include: 1. Guomao Chuangling (Shanghai) Private Fund Management Co., Ltd. 2. Zhongshan Cuiheng Innovation Private Fund Management Co., Ltd. 3. Nanjing Zhanzheng Private Fund Management Co., Ltd. 4. Shengan Xinxing Private Fund Management (Shanghai) Co., Ltd. 5. Lianyungang Zhanzheng Private Fund Management Co., Ltd. [6][7][9]. Group 2: Fund Manager Profiles - Guomao Chuangling is controlled by Xiamen Guomao Holding Group, focusing on supply chain and advanced manufacturing [7]. - Zhongshan Cuiheng aims to leverage its new private fund management license to attract social capital for key industrial chains in Zhongshan [8]. - Nanjing Zhanzheng is initiated by Nanjing Innovation Investment Group, focusing on technology innovation and industrial clusters [8]. - Shengan Xinxing is a subsidiary of Shengan Securities, emphasizing compliance and risk management [9]. - Lianyungang Zhanzheng will manage a special mother fund for the new materials industry, supporting high-performance fibers and advanced inorganic materials [9]. Group 3: Registration and Capital Analysis - The registration process for these fund managers varied, with Lianyungang Zhanzheng taking only 73 days, while Guomao Chuangling took 496 days [16]. - Among the new fund managers, only two had a 100% paid-in capital ratio, while Nanjing Zhanzheng had a low ratio of 30% [14][15]. - The registered capital and paid-in capital for the new fund managers are as follows: - Guomao Chuangling: 20 million RMB, 20 million RMB (100%) - Zhongshan Cuiheng: 30 million RMB, 15 million RMB (50%) - Nanjing Zhanzheng: 120 million RMB, 36 million RMB (30%) - Shengan Xinxing: 100 million RMB, 50 million RMB (50%) - Lianyungang Zhanzheng: 10 million RMB, 10 million RMB (100%) [15]. Group 4: Legal Support - Four law firms were engaged for the registration process of the new fund managers, indicating a structured approach to compliance [18][19].