Fund Industry Association: In December, the number of newly filed private equity funds was 1351, with a total size of 701.49 billion yuan.

Recently, the Asset Management Association of China released the monthly report on the registration and filing of private fund managers and products (December 2024). The data shows that in December 2024, there were 1351 newly filed private funds with a total scale of 701.49 billion yuan. Among them, there were 763 new private securities investment funds with a total scale of 211.14 billion yuan, 230 new private equity investment funds with a total scale of 325.83 billion yuan, and 358 new venture capital funds with a total scale of 164.52 billion yuan. As of the end of December 2024, there were 144,155 surviving private funds with a total scale of 19.91 trillion yuan. I. Overall Situation of Private Fund Managers 1. Monthly Registration of Private Fund Managers In December 2024, a total of 20 institutions were approved on the Asset Management Business Comprehensive Submission Platform (AMBERS system) of the Asset Management Association of China (hereinafter referred to as the Association), including 7 private securities investment fund managers and 13 private equity and venture capital fund managers. In December 2024, the Association deregistered 98 private fund managers. 2. Situation of Surviving Private Fund Managers As of the end of December 2024, there were 20,289 surviving private fund managers, managing a total of 144,155 funds with a total scale of 19.91 trillion yuan. Among them, there were 8,000 private securities investment fund managers, 12,083 private equity and venture capital fund managers, 7 private asset allocation fund managers, and 199 other private equity fund managers. 3. Regional Distribution of Private Fund Managers As of the end of December 2024, the number of registered private fund managers was mainly concentrated in Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Zhejiang (excluding Ningbo), and Jiangsu, accounting for a total of 72.24%, higher than the 72.17% in November. Among them, there were 3,768 in Shanghai, 3,310 in Beijing, 3,107 in Shenzhen, 1,624 in Guangdong (excluding Shenzhen), 1,620 in Zhejiang (excluding Ningbo), and 1,227 in Jiangsu, accounting for 18.57%, 16.31%, 15.31%, 8.00%, 7.98%, and 6.05% respectively. In terms of fund management scale, the top 6 regions were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for 74.99%, higher than the 74.88% in November. Among them, Shanghai had 49,581.80 billion yuan, Beijing had 46,307.80 billion yuan, Shenzhen had 19,645.28 billion yuan, Guangdong (excluding Shenzhen) had 12,910.29 billion yuan, Jiangsu had 11,282.63 billion yuan, and Zhejiang (excluding Ningbo) had 9,541.18 billion yuan, accounting for 24.91%, 23.26%, 9.87%, 6.49%, 5.67%, and 4.79% respectively. II. Overall Situation of Private Fund Filings 1. Monthly Filing of Private Fund Products In December 2024, there were 1,351 new private funds filed with a total scale of 701.49 billion yuan. Among them, there were 763 new private securities investment funds with a total scale of 211.14 billion yuan, 230 new private equity investment funds with a total scale of 325.83 billion yuan, and 358 new venture capital funds with a total scale of 164.52 billion yuan. 2. Surviving Private Funds As of the end of December 2024, there were 144,155 surviving private funds with a total scale of 19.91 trillion yuan. Among them, there were 87,833 surviving private securities investment funds with a total scale of 5.21 trillion yuan, 30,282 surviving private equity investment funds with a total scale of 10.94 trillion yuan, and 25,133 surviving venture capital funds with a total scale of 3.36 trillion yuan.