The China Securities Investment Fund Industry Association released the monthly report on the registration and filing of private fund managers and products (February 2026). The data shows that in February 2026, there were 1,899 newly filed private funds with a total size of 1,329.93 billion yuan. Among them, there were 1,371 new private equity securities funds with a size of 618.97 billion yuan; 106 new private equity investment funds with a size of 65.35 billion yuan; and 422 new venture capital funds with a size of 645.61 billion yuan. I. Overall situation of private fund managers' registration 1. Monthly registration of private fund managers In February 2026, 6 institutions were approved through the China Securities Investment Fund Industry Association's Asset Management Comprehensive Reporting Platform (referred to as the AMBERS system), including 1 private equity securities fund manager and 5 private equity and venture capital fund managers. In February 2026, 40 private fund managers were cancelled. 2. Continuation of private fund managers As of the end of February 2026, there were 19,129 private fund managers in operation, managing a total of 140,263 funds with a total size of 22.60 trillion yuan. Among them, there were 7,484 private equity securities fund managers; 11,470 private equity and venture capital fund managers; 5 private asset allocation fund managers; and 170 other private investment fund managers. 3. Distribution of private fund managers by region As of the end of February 2026, the number of registered private fund managers was concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for 72.40% of the total, slightly higher than January's 72.39%. Shanghai had 3,619, Beijing had 3,172, Shenzhen had 2,830, Zhejiang (excluding Ningbo) had 1,525, Guangdong (excluding Shenzhen) had 1,519, and Jiangsu had 1,184 private fund managers, accounting for 18.92%, 16.58%, 14.79%, 7.97%, 7.94%, and 6.19% respectively. In terms of fund management size, the top 6 regions were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for 75.48% of the total, higher than January's 75.38%. Shanghai had 61,354.22 billion yuan, Beijing had 51,179.61 billion yuan, Shenzhen had 20,795.94 billion yuan, Guangdong (excluding Shenzhen) had 13,601.82 billion yuan, Jiangsu had 13,010.20 billion yuan, and Zhejiang (excluding Ningbo) had 10,633.12 billion yuan, accounting for 27.15%, 22.65%, 9.20%, 6.02%, 5.76%, and 4.71% respectively. II. Overall situation of private fund filings 1. Continuation of private funds As of the end of February 2026, there were 140,263 private funds in operation, with a total size of 22.60 trillion yuan. Among them, there were 81,491 private equity securities funds with a total size of 7.35 trillion yuan; 29,898 private equity investment funds with a total size of 11.16 trillion yuan; and 28,119 venture capital funds with a total size of 3.80 trillion yuan.