On May 27th, the China Private Equity Fund Association released the "Monthly Report on Private Fund Managers Registration and Product Filing (April 2024)". The data shows that in April 2024, there were 1197 new registered private equity funds with a total size of 351.88 billion yuan. Among them, there were 841 new registered private equity securities investment funds with a total size of 170.88 billion yuan; 104 new registered private equity investment funds with a total size of 100.04 billion yuan; and 252 new registered venture capital funds with a total size of 80.96 billion yuan. I. General Overview of Private Fund Managers Registration 1. Monthly Registration of Private Fund Managers In April 2024, 17 institutions were approved on the China Securities Investment Fund Industry Association's Asset Management Business Comprehensive Reporting Platform (referred to as AMBERS system), including 5 private equity securities investment fund managers and 12 private equity investment fund managers. In April 2024, the Association cancelled 83 private fund managers. 2. Existence Situation of Private Fund Managers As of the end of April 2024, there were 21,032 existing private fund managers, managing a total of 152,794 funds with an overall size of 19.90 trillion yuan. Among them, there were 8,306 private equity securities investment fund managers; 12,489 private equity investment fund managers; 9 private asset allocation fund managers; and 228 other private investment fund managers. 3. Regional Distribution of Private Fund Managers By the end of April 2024, the registered private fund managers were mainly concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for a total of 72.15%, unchanged from March. Among them, there were 3,877 in Shanghai, 3,434 in Beijing, 3,274 in Shenzhen, 1,677 in Zhejiang (excluding Ningbo), 1,659 in Guangdong (excluding Shenzhen), and 1,254 in Jiangsu, accounting for 18.43%, 16.33%, 15.57%, 7.97%, 7.89%, and 5.96% respectively. In terms of fund management size, the top six regions were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for a total of 74.64%, slightly lower than the 74.70% in March. Among them, Shanghai accounted for 49,097.10 billion yuan, Beijing for 45,780.12 billion yuan, Shenzhen for 20,243.50 billion yuan, Guangdong (excluding Shenzhen) for 12,558.94 billion yuan, Jiangsu for 11,215.06 billion yuan, and Zhejiang (excluding Ningbo) for 9,619.38 billion yuan, accounting for 24.67%, 23.00%, 10.17%, 6.31%, 5.64%, and 4.83% respectively. II. Overall Overview of Private Fund Filings 1. Monthly Filing of Private Fund Products In April 2024, there were 1197 new private equity funds registered with a total size of 351.88 billion yuan. Among them, there were 841 new private equity securities investment funds with a total size of 170.88 billion yuan, 104 new private equity investment funds with a total size of 100.04 billion yuan, and 252 new venture capital funds with a total size of 80.96 billion yuan. 2. Existence Situation of Private Funds As of the end of April 2024, there were 152,794 existing private funds with a total size of 19.90 trillion yuan. Among them, there were 96,567 existing private equity securities investment funds with a total size of 5.20 trillion yuan, 30,988 existing private equity investment funds with a total size of 11.00 trillion yuan, and 24,183 existing venture capital funds with a total size of 3.26 trillion yuan.