On March 14th, the Asset Management Association of China (AMAC) issued a document stating that as of the end of February 2024, there were 153,288 existing private equity funds with a total size of 20.28 trillion yuan. Among them, there were 97,305 existing private securities investment funds with a total size of 5.51 trillion yuan; 31,042 existing private equity investment funds with a total size of 11.04 trillion yuan; and 23,853 existing venture capital funds with a total size of 3.26 trillion yuan. In February 2024, a total of 6 institutions were approved by the AMAC's AMBERS system, including 1 private securities investment fund manager and 5 private equity and venture capital fund managers. In February 2024, 449 private fund managers were deregistered by the association. As of the end of February 2024, there were 21,151 existing private equity fund managers managing a total of 153,288 funds with a total size of 20.28 trillion yuan. Among them, there were 8,351 private securities investment fund managers; 12,554 private equity and venture capital fund managers; 9 private asset allocation fund managers; and 237 other private investment fund managers. As of the end of February 2024, the distribution of registered private fund managers by location (across 36 jurisdictions) was concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for a total of 72.09%, slightly lower than January's 72.16%. Specifically, there were 3,892 in Shanghai, 3,463 in Beijing, 3,302 in Shenzhen, 1,674 in Zhejiang (excluding Ningbo), 1,661 in Guangdong (excluding Shenzhen), and 1,255 in Jiangsu, with proportions of 18.40%, 16.37%, 15.61%, 7.91%, 7.85%, and 5.93% respectively. In terms of fund management size, the top 6 jurisdictions were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for a total of 74.75%, slightly lower than January's 74.78%. Specifically, Shanghai had 50,552.88 billion yuan, Beijing had 46,355.28 billion yuan, Shenzhen had 20,863.22 billion yuan, Guangdong (excluding Shenzhen) had 12,745.34 billion yuan, Jiangsu had 11,343.22 billion yuan, and Zhejiang (excluding Ningbo) had 9,771.32 billion yuan, with proportions of 24.92%, 22.85%, 10.29%, 6.28%, 5.59%, and 4.82% respectively. In February 2024, there were 780 newly registered private equity funds with a total size of 283.54 billion yuan. Among them, there were 457 private securities investment funds with a total size of 84.45 billion yuan; 107 private equity funds with a total size of 102.42 billion yuan; and 216 venture capital funds with a total size of 96.68 billion yuan.