On April 25, the Asset Management Association of China (AMAC) issued a document stating that as of the end of March 2024, there were 21,098 private fund managers in operation, managing a total of 152,659 funds with a combined size of 20.29 trillion yuan. Among them, there were 8,328 private securities investment fund managers, 12,526 private equity and venture capital fund managers, 9 private asset allocation fund managers, and 235 other private investment fund managers. In March 2024, a total of 10 institutions were approved by the China Securities Investment Fund Industry Association Asset Management Business Comprehensive Reporting Platform, including 1 private securities investment fund manager and 9 private equity and venture capital fund managers. In the same month, the association cancelled the registration of 63 private fund managers. As of the end of March 2024, the distribution of registered private fund managers by jurisdiction (across 36 regions) was concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for a total of 72.15%, slightly higher than the 72.09% in February. Among them, Shanghai had 3,889 managers, Beijing had 3,452, Shenzhen had 3,293, Zhejiang (excluding Ningbo) had 1,678, Guangdong (excluding Shenzhen) had 1,656, and Jiangsu had 1,254, accounting for 18.43%, 16.36%, 15.61%, 7.95%, 7.85%, and 5.94% 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 74.70% of the total size, slightly lower than February's 74.75%. Among them, Shanghai had 50,531.34 billion yuan under management, Beijing had 46,337.15 billion yuan, Shenzhen had 20,841.94 billion yuan, Guangdong (excluding Shenzhen) had 12,759.26 billion yuan, Jiangsu had 11,333.64 billion yuan, and Zhejiang (excluding Ningbo) had 9,772.01 billion yuan, with size proportions of 24.90%, 22.84%, 10.27%, 6.29%, 5.59%, and 4.82% respectively. In March 2024, 858 new private funds were registered, with a total size of 359.88 billion yuan. Among them, there were 556 private securities investment funds with a size of 99.11 billion yuan, 120 private equity investment funds with a size of 184.58 billion yuan, and 182 venture capital funds with a size of 76.19 billion yuan. As of the end of March 2024, there were a total of 152,659 private funds in operation, with a combined size of 20.29 trillion yuan. Among them, there were 96,509 private securities investment funds with a size of 5.51 trillion yuan, 31,074 private equity investment funds with a size of 11.05 trillion yuan, and 23,996 venture capital funds with a size of 3.27 trillion yuan.