On December 25th, the China Securities Investment Fund Industry Association released the monthly report on registration and filing of private fund managers and products (November 2024). The data shows that in November 2024, there were 804 newly filed private funds with a total scale of 362.44 billion yuan. Among them, there were 492 newly filed private equity funds with a scale of 111.55 billion yuan; 126 newly filed private equity investment funds with a scale of 174.17 billion yuan; and 186 newly filed venture capital funds with a scale of 76.72 billion yuan. By the end of November 2024, there were a total of 145,735 existing private funds with a total scale of 19.90 trillion yuan. I. Overview of private fund manager registration 1. Monthly registration of private fund managers In November 2024, 22 institutions were approved through the Asset Management Business Comprehensive Reporting Platform of the Association (referred to as the AMBERS system), including 6 private securities fund managers and 16 private equity and venture capital fund managers. In November 2024, the Association deregistered 66 private fund managers. 2. Existence of private fund managers By the end of November 2024, there were a total of 20,367 existing private fund managers, managing 145,735 funds with a total scale of 19.90 trillion yuan. Among them, there were 8,035 private securities investment fund managers; 12,120 private equity and venture capital fund managers; 7 private asset allocation fund managers; and 205 other private investment fund managers. 3. Regional distribution of private fund managers By the end of November 2024, the number of registered private fund managers was concentrated in Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Zhejiang (excluding Ningbo), and Jiangsu, accounting for 72.17% of the total. Among them, Shanghai had 3,773 institutions, Beijing 3,325 institutions, Shenzhen 3,124 institutions, Guangdong (excluding Shenzhen) 1,626 institutions, Zhejiang (excluding Ningbo) 1,624 institutions, and Jiangsu 1,226 institutions. In terms of fund management scale, the top 6 regions were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for 74.88% of the total. Among them, Shanghai's scale was 49,543.81 billion yuan, Beijing's 46,074.07 billion yuan, Shenzhen's 19,760.21 billion yuan, Guangdong's 12,875.54 billion yuan, Jiangsu's 11,268.52 billion yuan, and Zhejiang's 9,522.82 billion yuan. II. Overview of private fund filing 1. Monthly filing of private fund products In November 2024, there were 804 newly filed private funds with a total scale of 362.44 billion yuan. Among them, there were 492 private securities investment funds with a scale of 111.55 billion yuan; 126 private equity investment funds with a scale of 174.17 billion yuan; and 186 venture capital funds with a scale of 76.72 billion yuan. 2. Existence of private funds By the end of November 2024, there were 145,735 existing private funds with a total scale of 19.90 trillion yuan. Among them, there were 89,496 existing private securities investment funds with a total scale of 5.23 trillion yuan; 30,394 existing private equity investment funds with a total scale of 10.93 trillion yuan; and 24,926 existing venture capital funds with a total scale of 3.35 trillion yuan.