Recently, the Asset Management Association of China (AMAC) 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 newly filed private securities investment funds with a scale of 211.14 billion yuan; 230 newly filed private equity investment funds with a scale of 325.83 billion yuan; and 358 newly filed venture capital funds with a scale of 164.52 billion yuan. As of the end of December 2024, there were 144,155 existing private funds with a total scale of 19.91 trillion yuan. I. Overall situation of private fund manager registration (1) Monthly registration of private fund managers In December 2024, a total of 20 institutions were registered on the Asset Management Business Comprehensive Reporting Platform (AMBERS system) of the AMAC, including 7 private securities investment fund managers and 13 private equity and venture capital fund managers. In December 2024, 98 private fund managers were deregistered by the AMAC. (2) Existence of private fund managers As of the end of December 2024, there were 20,289 existing 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 investment fund managers. (3) Regional distribution of private fund managers As of the end of December 2024, the registered private fund managers were 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, Shanghai had 3,768, Beijing had 3,310, Shenzhen had 3,107, Guangdong (excluding Shenzhen) had 1,624, Zhejiang (excluding Ningbo) had 1,620, and Jiangsu had 1,227 private fund managers, 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 filing (1) Monthly filing of private fund products In December 2024, there were 1,351 newly filed private funds with a total scale of 701.49 billion yuan. Among them, there were 763 private securities investment funds with a scale of 211.14 billion yuan; 230 private equity investment funds with a scale of 325.83 billion yuan; and 358 venture capital funds with a scale of 164.52 billion yuan. (2) Existence of private funds As of the end of December 2024, there were 144,155 existing private funds with a total scale of 19.91 trillion yuan. Among them, there were 87,833 existing private securities investment funds with a scale of 5.21 trillion yuan; 30,282 existing private equity investment funds with a scale of 10.94 trillion yuan; and 25,133 existing venture capital funds with a scale of 3.36 trillion yuan.