Group 1 - As of the end of December 2025, the total number of active private equity funds in China reached 138,315, with a total scale of 22.15 trillion yuan [1] - In December 2025, 2,087 new private equity funds were registered, with a total new scale of approximately 98.9 billion yuan [1] - The breakdown of new registrations includes 1,397 private securities investment funds with a new scale of 54.17 billion yuan, 250 private equity investment funds with a new scale of 26.35 billion yuan, and 440 venture capital funds with a new scale of 18.38 billion yuan [1] Group 2 - By the end of December 2025, there were 19,231 active private fund managers in China [2] - The distribution of registered private fund managers is concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for 72.39% of the total, an increase from 72.35% at the end of November last year [2] - The top six regions by managed fund scale are Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), which together account for 75.76% of the total, up from 75.71% at the end of November [2]

Core Insights - In December 2025, the Asset Management Association of China reported a total of 13 institutions processed through the asset management business comprehensive reporting platform, including 5 private securities investment fund managers and 8 private equity and venture capital fund managers [1] - The month saw the cancellation of 96 private fund managers [1] Group 1: New Registrations and Fund Sizes - In December 2025, a total of 2,087 new private funds were registered, with a total scale of 98.9 billion yuan [1] - Among these, 1,397 were private securities investment funds with a scale of 54.174 billion yuan, 250 were private equity investment funds with a scale of 26.348 billion yuan, and 440 were venture capital funds with a scale of 18.379 billion yuan [1] Group 2: Existing Funds - As of the end of December 2025, there were 138,315 existing private funds with a total scale of 22.15 trillion yuan [1] - This included 80,390 private securities investment funds with a scale of 7.08 trillion yuan, 29,820 private equity investment funds with a scale of 11.19 trillion yuan, and 27,342 venture capital funds with a scale of 3.58 trillion yuan [1]

Group 1 - The China Fund Industry Association reported that as of November 2025, there were 1,689 newly registered private funds with a total scale of 71.342 billion yuan [1] - As of the end of November 2025, there were 138,055 existing private funds with a total scale of 22.09 trillion yuan [1] Group 2 - Among the existing private funds, there are 80,242 private securities investment funds with a total scale of 7.04 trillion yuan [4] - There are 29,971 private equity investment funds with a total scale of 11.18 trillion yuan [4] - There are 27,064 venture capital funds with a total scale of 3.57 trillion yuan [4]

Group 1 - The core viewpoint of the article highlights the growth and scale of private equity funds in China, with a total of 19,314 active private fund managers managing 138,055 funds and a total asset size of 22.09 trillion yuan as of November 2025 [1] Group 2 - Among the private fund managers, there are 7,568 managing private securities investment funds [1] - There are 11,567 managers focused on private equity and venture capital funds [1] - A small number of managers, specifically 6, are dedicated to private asset allocation funds, while 173 fall under other categories of private investment funds [1]

Group 1 - As of November 2025, there are 19,314 active private fund managers in China, managing a total of 138,055 funds with an aggregate scale of 22.09 trillion yuan [1] - Among these, there are 7,568 private securities investment fund managers, 11,567 private equity and venture capital fund managers, 6 private asset allocation fund managers, and 173 other private investment fund managers [1]

Group 1 - The total number of active private equity funds in China is 137,905, with a total scale of 22.05 trillion yuan as of the end of October 2025 [2] - There are 80,214 active private securities investment funds with a scale of 7.01 trillion yuan [1] - The number of active private equity investment funds is 30,018, with a scale of 11.18 trillion yuan [1] - The number of active venture capital funds is 26,887, with a scale of 3.56 trillion yuan [1] Group 2 - In October 2025, 1,389 new private funds were registered, with a total scale of 67.01 billion yuan [2]

Group 1 - As of October 2025, there are 137,905 active private equity funds in China, with a total scale of 22.05 trillion yuan [1] - In October alone, 1,389 new private equity funds were registered, with a total scale of 67.01 billion yuan [1] - The breakdown of new registrations includes 995 private securities investment funds (429.2 billion yuan), 127 private equity investment funds (126.74 billion yuan), and 267 venture capital funds (114.16 billion yuan) [1] Group 2 - There are 19,367 active private fund managers in China as of October 2025 [2] - The distribution of private fund managers is concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for 72.34% of the total [2] - The top six regions by fund management scale are Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), representing 75.75% of the total [2]

Core Insights - The China Fund Industry Association reported that as of July 2025, there were 1,689 newly registered private equity funds with a total scale of 107.427 billion yuan [1] - As of the end of July 2025, there were 139,430 existing private equity funds with a total scale of 20.68 trillion yuan [1] Summary by Category - **Private Securities Investment Funds** - There are 82,059 existing private securities investment funds with a total scale of 5.88 trillion yuan [3] - **Private Equity Investment Funds** - There are 30,193 existing private equity investment funds with a total scale of 11.01 trillion yuan [3] - **Venture Capital Funds** - There are 26,328 existing venture capital funds with a total scale of 3.46 trillion yuan [3]

Group 1 - In July 2025, the China Securities Investment Fund Industry Association reported that 22 institutions were approved for asset management business, including 6 private securities investment fund managers and 16 private equity and venture capital fund managers, while 78 private fund managers were deregistered [1] - A total of 1,689 new private funds were registered in July 2025, with a total scale of 107.43 billion yuan, including 1,313 private securities investment funds (79.28 billion yuan), 131 private equity investment funds (11.36 billion yuan), and 245 venture capital funds (16.79 billion yuan) [1] - As of the end of July 2025, there were 19,700 active private fund managers managing 139,430 funds with a total scale of 20.68 trillion yuan, including 7,722 private securities investment fund managers, 11,785 private equity and venture capital fund managers, and 6 private asset allocation fund managers [1] Group 2 - By the end of July 2025, the number of registered private fund managers was concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for 72.20% of the total, slightly higher than 72.19% in June [2] - The top six regions by fund management scale were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), which together accounted for 75.31%, slightly up from 75.11% in June [2]

Group 1 - The core viewpoint of the news is that the private equity fund industry in China is experiencing growth, with an increase in the number of funds and total assets under management as of July 2025 [1][2] - As of the end of July, there are 139,430 active private equity funds with a total scale of 20.68 trillion yuan, up from 20.26 trillion yuan at the end of June [1] - In July alone, 1,689 new private equity funds were registered, with a total new scale of 1,074.27 billion yuan [1] Group 2 - The distribution of private equity fund managers shows that as of the end of July, there are 19,700 active private equity fund managers [1] - The majority of private equity fund managers are concentrated in major cities such as Shanghai, Beijing, and Shenzhen, which account for 72.2% of the total registered managers [2] - The top six regions by fund management scale are Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), collectively accounting for 75.31% of the total [2]