Group 1 - In August 2025, the Asset Management Association approved the registration of 5 new private equity and venture capital fund managers, a decrease of 11 from the previous month [1] - Among the newly registered institutions, 4 are state-owned and 1 is a market-oriented entity [1] Group 2 - The newly registered fund managers include: 1. Yangzhou Zhanzheng Private Fund Management Co., Ltd. with a registered capital of 16 million RMB [2] 2. Suzhou Industrial Investment Private Fund Management Co., Ltd. with a registered capital of 100 million RMB [6] 3. Suzhou Yida Private Fund Management Co., Ltd. with a registered capital of 10 million RMB [6] 4. Taizhou Zhanzheng Private Fund Management Co., Ltd. with a registered capital of 20 million RMB [6] 5. High-tech Venture Capital (Shijiazhuang) Private Fund Management Co., Ltd. with a registered capital of 15 million RMB [6] Group 3 - Yangzhou Zhanzheng was established on August 8, 2024, and is a joint venture between Jiangsu Gaotou and Yangzhou Chuangtou [2] - Suzhou Industrial Investment focuses on strategic emerging industries and aims to upgrade Suzhou's industrial system [3] - Suzhou Yida is a private entity with shareholders from various backgrounds [3] - Taizhou Zhanzheng aims to strengthen key industries such as healthcare and new materials [4] - High-tech Venture Capital (Shijiazhuang) is fully owned by the Shijiazhuang High-tech Industrial Development Zone [4] Group 4 - Among the 5 new fund managers, 2 have a registered capital contribution ratio of 100%, while the remaining 3 have lower ratios of 50% [7] - The average time taken for the registration process was 114.4 days, with the fastest being Suzhou Industrial Investment at 33 days and the slowest being Yangzhou Zhanzheng at 287 days [8] Group 5 - Each of the 5 fund managers utilized different law firms for their registration process [9] - The law firms involved include Jiangsu Century Tongren Law Firm and Beijing Zhonglun (Shanghai) Law Firm among others [9]