The Asset Management Association of China: As of the end of November, the total assets under management of existing private fund managers reached 22.09 trillion yuan.

The China Securities Investment Fund Association released data showing that as of the end of November 2025, there were 19,314 surviving private equity fund managers, managing 138,055 funds with a total scale of 22.09 trillion yuan. Among them, there were 7,568 private securities investment fund managers; 11,567 private equity and venture capital fund managers; 6 private asset allocation fund managers; and 173 other private investment fund managers.