On November 13, the Asset Management Association of China (AMAC) released the monthly report on the registration and filing of private fund managers and products for October 2024. The data shows that in October 2024, there were 587 newly filed private funds with a total filing amount of 229.46 billion yuan. Among them, there were 332 newly filed private securities investment funds with a total filing amount of 81.36 billion yuan; 90 newly filed private equity investment funds with a total filing amount of 53.31 billion yuan; and 165 newly filed venture capital funds with a total filing amount of 94.79 billion yuan. As of the end of October 2024, there were a total of 147,037 existing private funds with a total fund size of 19.93 trillion yuan. I. Overall situation of private fund manager registration 1. Monthly registration of private fund managers In October 2024, 10 institutions, all private equity and venture capital fund managers, were approved through the AMAC system. Additionally, 56 private fund managers were deregistered by the association in October 2024. 2. Existence of private fund managers As of the end of October 2024, there were 20,411 existing private fund managers, managing a total of 147,037 funds with a fund size of 19.93 trillion yuan. Among them, there were 8,059 private securities investment fund managers; 12,138 private equity and venture capital fund managers; 7 private asset allocation fund managers; and 207 other private investment fund managers. 3. Distribution of private fund managers by region As of the end of October 2024, the distribution of registered private fund managers by location (across 36 jurisdictions) was concentrated in Shanghai, Beijing, Shenzhen, Zhejiang Province (excluding Ningbo), Guangdong Province (excluding Shenzhen), and Jiangsu Province, accounting for 72.21% in total. In terms of fund size distribution, the top 6 jurisdictions were Shanghai, Beijing, Shenzhen, Guangdong Province (excluding Shenzhen), Jiangsu Province, and Zhejiang Province (excluding Ningbo), accounting for 74.82% in total. II. General situation of private fund filings 1. Monthly filing of private fund products In October 2024, there were 587 newly filed private funds with a total filing amount of 229.46 billion yuan. Among them, there were 332 private securities investment funds with a total filing amount of 81.36 billion yuan; 90 private equity investment funds with a total filing amount of 53.31 billion yuan; and 165 venture capital funds with a total filing amount of 94.79 billion yuan. 2. Existence of private funds As of the end of October 2024, there were a total of 147,037 existing private funds with a total fund size of 19.93 trillion yuan. Among them, there were 90,853 existing private securities investment funds with a total size of 5.26 trillion yuan; 30,456 existing private equity investment funds with a total size of 10.93 trillion yuan; and 24,803 existing venture capital funds with a total size of 3.34 trillion yuan.