AMAC: As of the end of January 2025, the total assets under management of existing private equity funds amounted to 19.92 trillion yuan.

The Asset Management Association of China (AMAC) released the "Monthly Report on Registration and Filing of Private Fund Managers and Products (January 2025)". As of the end of January 2025, there were 20,025 private fund managers, managing a total of 144,071 funds with assets under management totaling 19.92 trillion yuan. Among them, there were 7,904 private fund managers for securities investment funds, 11,923 for private equity and venture capital funds, 6 for private asset allocation funds, and 192 for other private investment funds. I. Overall Situation of Private Fund Manager Registration 1. Monthly Registration of Private Fund Managers In January 2025, there were 13 institutions registered through the Asset Management Business Reporting Platform of the AMAC, including 5 private fund managers for securities investment funds and 8 for private equity and venture capital funds. In January 2025, 1 private fund manager registration application was suspended, and 277 private fund managers were deregistered. 2. Existing Private Fund Managers As of the end of January 2025, there were 20,025 existing private fund managers, managing a total of 144,071 funds with assets under management totaling 19.92 trillion yuan. Among them, there were 7,904 private fund managers for securities investment funds, 11,923 for private equity and venture capital funds, 6 for private asset allocation funds, and 192 for other private investment funds. 3. Geographical Distribution of Private Fund Managers As of the end of January 2025, the registered private fund managers were mainly concentrated in Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Zhejiang (excluding Ningbo), and Jiangsu, accounting for 72.14% of the total. Specifically, there were 3,731 in Shanghai, 3,247 in Beijing, 3,044 in Shenzhen, 1,607 in Guangdong (excluding Shenzhen), 1,599 in Zhejiang (excluding Ningbo), and 1,219 in Jiangsu. In terms of fund management scale, the top 6 regions were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for 74.97% of the total. Specifically, Shanghai had 49,215.10 billion yuan under management, Beijing had 46,588.45 billion yuan, Shenzhen had 19,450.40 billion yuan, Guangdong (excluding Shenzhen) had 12,912.75 billion yuan, Jiangsu had 11,612.50 billion yuan, and Zhejiang (excluding Ningbo) had 9,527.62 billion yuan. II. Overall Situation of Private Fund Filing 1. Monthly Filing of Private Fund Products In January 2025, there were 1,073 new private fund products filed, with a total filing size of 465.84 billion yuan. Among them, there were 743 securities investment funds, 116 private equity investment funds, and 214 venture capital funds. 2. Existing Private Fund Products As of the end of January 2025, there were 144,071 existing private funds with total assets under management of 19.92 trillion yuan. Among them, there were 87,764 existing securities investment funds, 30,122 existing private equity investment funds, and 25,295 existing venture capital funds.