12月新登记8家私募基金管理人，含1家CVC丨睿兽分析

Core Viewpoint - In December 2025, the Asset Management Association of China approved the registration of 8 new private equity and venture capital fund managers, including 6 state-owned and 2 market-oriented institutions [5][6]. Group 1: Fund Managers Overview - Beijing Hairuo Private Fund Management Co., Ltd. was established on August 7, 2025, with a registered capital of 10 million RMB, primarily owned by individuals and a state-owned enterprise [7]. - Guoxin Chuantou Private Fund Management (Beijing) Co., Ltd. was established on September 30, 2025, with a registered capital of 100 million RMB, focusing on green development projects for central enterprises [7]. - Yangzhou Chuantou Private Fund Management Co., Ltd. was established on September 19, 2024, with a registered capital of 15 million RMB, controlled by the Yangzhou Municipal Government [8]. - Ningbo Yongyuan Private Fund Management Co., Ltd. was established on July 29, 2025, with a registered capital of 20 million RMB, operating under a state-owned investment group [8]. - Shanghai Electric Private Fund Management Co., Ltd. was established on October 10, 2022, with a registered capital of 10 million RMB, serving as an investment platform for Shanghai Electric Group [9]. - Changzhou Hengsheng Private Fund Management Co., Ltd. was established on April 15, 2025, with a registered capital of 20 million RMB, focusing on smart manufacturing and digital economy [9]. - Guangdong Hengqin Helium Private Fund Management Co., Ltd. was established on April 15, 2025, with a registered capital of 10 million RMB, primarily owned by individuals [9]. - General Technology BRICS (Xiamen) Private Fund Management Co., Ltd. was established on February 5, 2024, with a registered capital of 50 million RMB, aiming to establish a technology innovation fund [9]. Group 2: Registration and Capital Analysis - Among the 8 newly registered fund managers, 7 have a paid-in capital ratio of 100%, while General Technology BRICS has a lower ratio of 40% [14][15]. - The average time taken for the registration process was 87 days, with the fastest being General Technology BRICS at 21 days and the slowest being Guangdong Hengqin Helium at 194 days [16][17]. Group 3: Legal Services - A total of 7 law firms provided services for the registration of the new private fund managers, with Beijing Deheng Law Firm serving 2 of the new registrants [18][19].