Group 1 - Two private equity firms, Wanmeng Shengshi (Beijing) Investment Co., Ltd. and Beijing Kongtian Junrong Industrial Investment Private Fund Management Co., Ltd., were deregistered due to 12 months of inactivity [1] - As of July 20, 52 private equity firms have been deregistered in July alone, with a total of 656 firms deregistered since the beginning of the year [2] - The number of actively deregistered private equity firms has increased by 8.45% compared to the same period last year, indicating a shift towards a more competitive market [3] Group 2 - The deregistration of over 600 firms reflects a natural market cleansing process, suggesting a transition from rapid growth to high-quality development in the private equity industry [3] - The increase in voluntary deregistrations may be attributed to stricter regulatory environments and changing market conditions, leading some firms to optimize their business structures [3][4] - Notably, 204 of the deregistered firms had been registered as private fund managers before July 20, 2015, indicating that over 30% of the firms deregistered this year had been in operation for more than ten years [3]