Core Insights - As of the end of May 2025, the total scale of private equity funds in China reached 20.27 trillion yuan, marking a month-on-month increase of 0.25% and achieving positive growth for six consecutive months [2][3] Group 1: Fund Management Overview - The private equity investment funds account for 10.98 trillion yuan, representing 54.2% of the total fund size [2] - Private securities investment funds have a scale of 5.54 trillion yuan, making up 27.3% [2] - Venture capital funds total 3.41 trillion yuan, which is 16.8% of the total [2] Group 2: Registration and Deregistration Trends - In May, there was a significant decrease in new registrations of private fund managers, with only 4 new registrations compared to 16 in April, indicating a "less increase, more decrease" trend [3] - A total of 63 private fund managers were deregistered, resulting in a net decrease of 59 managers, reflecting ongoing regulatory optimization in the industry [3] Group 3: Fund Manager Statistics - As of the end of May, there are 19,832 registered private fund managers managing a total of 140,870 funds [3] - The distribution of private fund managers is concentrated in major cities such as Shanghai, Beijing, and Shenzhen, which together account for 72.20% of the total [5] Group 4: Fund Registration Data - In May, 1,219 new private funds were registered, with a total new registration scale of 607.26 billion yuan [5] - The breakdown of new registrations includes 880 private securities investment funds (438.91 billion yuan), 125 private equity investment funds (67.07 billion yuan), and 214 venture capital funds (101.28 billion yuan) [5] Group 5: Regional Fund Management Scale - The top six regions for private fund management account for 75.06% of the total fund scale, showing an increase from 75.02% in April [5] - Shanghai leads with a fund scale of 50,892.65 billion yuan (25.11%), followed by Beijing with 47,034.42 billion yuan (23.21%), and Shenzhen with 19,704.47 billion yuan (9.72%) [5]