AMAC: Private fund assets under management to reach a new high of 22.15 trillion yuan by 2025.

The monthly report released by the Asset Management Association of China (AMAC) tonight shows that as of the end of December 2025, there were 19,200 registered private fund managers in existence, managing a total of 138,300 funds with assets under management totaling 22.15 trillion yuan, reaching a new historical high, with a growth rate of over 11% compared to 2024. Among them, there were 7,531 private equity investment fund managers managing 80,300 funds, with total assets under management reaching a record high of 7.08 trillion yuan. In addition, there were 29,800 private equity investment funds in existence, with total assets under management of 11.19 trillion yuan, and 27,300 venture capital funds in existence, with total assets under management of 3.58 trillion yuan.