Ningbo: By the end of 2028, the scale of registered private equity funds in the city will remain stable at over 800 billion yuan.

On the 9th, the reporter learned from the Municipal Party Committee's Financial Office that Ningbo has taken the lead nationwide in issuing the "Several Measures of Ningbo Municipality on Strengthening Regulation, Preventing Risks, and Promoting the High-Quality Development of Private Equity Investment Funds," stepping up efforts to support the real economy. The new policy will take effect on October 23. According to the new policy, by the end of 2028, the city's registered private equity fund scale will be stabilized at over 800 billion yuan, and the number of private equity fund managers with over 5 billion yuan will exceed 30. Among these, in terms of cultivating and strengthening private equity funds, Ningbo will gather diversified investment entities, encourage early-stage, small-scale, long-term, and hard-tech investment, and create a favorable ecosystem for the development of the private equity fund industry; in terms of coordinating strict regulation and risk prevention and control, Ningbo will strengthen classified and tiered regulation, increase efforts to clear out non-compliant private equity fund managers and institutions operating in violation of regulations, strengthen risk monitoring, and severely crack down on illegal and criminal activities.