Core Viewpoint - In February 2025, the number of newly registered private equity and venture capital fund managers decreased by 5 compared to the previous month, with all newly registered institutions being state-owned [2]. Group 1: Newly Registered Fund Managers - Three private equity and venture capital fund managers were approved for registration: Gansu Lanbai Innovation Zone Venture Capital Fund Co., Ltd. (Lanbai Fund), Chengtong Science and Technology Private Fund Management (Beijing) Co., Ltd. (Chengtong Science and Technology), and Shanghai Jiading Zhanzheng Private Fund Management Co., Ltd. (Jiading Zhanzheng) [3][4]. - Lanbai Fund was established in March 2024 with a registered capital of 50 million RMB, and it is the first private fund manager in Gansu Province to be successfully registered after the new regulations were implemented [3]. - Chengtong Science and Technology, established in January 2025 with a registered capital of 100 million RMB, plans to manage a fund with a total scale of 30 billion RMB, focusing on technology and specialized fields [3][4]. - Jiading Zhanzheng was established in May 2024 with a registered capital of 21 million RMB, managing a fund with a total scale of 5 billion RMB, focusing on key industries such as integrated circuits and biomedicine [4]. Group 2: Registration and Capital Analysis - Among the three newly registered fund managers, two have a registered capital fully paid up, while Lanbai Fund has a paid-up ratio of 30% [7][8]. - The average processing time for registration was approximately 130.67 days, with Chengtong Science and Technology being the fastest at 17 days and Lanbai Fund taking the longest at 203 days [9][10]. Group 3: Legal Support - Three law firms were engaged for the registration process of the new fund managers: Shanghai Huiye (Lanzhou) Law Firm for Lanbai Fund, Beijing Hanku Law Firm for Chengtong Science and Technology, and Beijing Weiheng (Shanghai) Law Firm for Jiading Zhanzheng [11][12].