Core Viewpoint - The article provides an overview of the private equity market in China, highlighting the number of private equity firms, their performance, and the distribution of firms across major cities as of May 2025. Group 1: Overview of Private Equity Firms - As of May 2025, there are 7,789 private equity firms in China, with 5,616 located in first-tier cities (Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou), accounting for 72.10% of the total [2]. - The number of top-tier private equity firms (with assets over 5 billion) is highest in Shanghai (86 firms), followed by Beijing (47 firms) and Shenzhen (18 firms) [2]. Group 2: Performance Metrics by Region - In Beijing, 582 products have an average annual return of 21.30% and a May return of 1.74% [4]. - Shanghai's 1,145 products show an average annual return of 19.68% and a May return of 1.68% [13]. - Guangzhou's 228 products have an impressive average annual return of 28.40% and a May return of 3.28% [19]. - Shenzhen's 705 products yield an average annual return of 23.55% and a May return of 3.81% [24]. - Hangzhou's 268 products report an average annual return of 26.06% and a May return of 2.01% [31]. Group 3: Notable Private Equity Firms - In Beijing, the top private equity firms include "止于至善投资" with a notable annual return and several other firms with significant assets [6][9]. - In Shanghai, "海南致衍私募" leads with a strong performance, followed by "系综(上海)私募" and "上海紫杰私募" [12][16]. - In Guangzhou, "海南香元私募" ranks first with a high annual return, followed by "广州千泉私募" and "广州守正用奇" [19][21]. - In Shenzhen, "富延资本" is the top firm with a strong performance, followed by "能敬投资控股" and "君子乾乾" [27][29]. - In Hangzhou, "云起量化" leads the performance metrics, followed by "浩坤昇发资产" and "橡木资产" [35]. Group 4: Other Regions - Outside first-tier cities, there are 2,173 private equity firms, with 25 firms having assets over 5 billion [36][39]. - The average annual return for 972 products in other regions is 23.24%, with the top three firms being "一久私募基金," "尚阳资管," and "优波资本" [39].