China Securities Investment Fund Industry Association: Total private fund assets reach 22.6 trillion yuan; new filings in February amount to 132.993 billion yuan.

On the evening of March 24, the official website of the China Securities Investment Fund Industry Association released data showing that by the end of February 2026, the total scale of private equity funds reached 22.60 trillion yuan, setting a historical record. Since January 2025, the industry’s total scale has grown by over 2 trillion yuan; after first breaking through 22 trillion yuan at the end of October 2025, it has continuously refreshed the record for five months, operating steadily above that level.

As of the end of February 2026, there were 19,129 private equity fund managers with 140,263 managed funds, totaling 22.60 trillion yuan. Among them, there were 7,484 private securities investment fund managers; 11,470 private equity and venture capital fund managers; 5 private asset allocation fund managers; and 170 other private investment fund managers.

From the perspective of managed fund scale, the top six jurisdictions are Shanghai, Beijing, Shenzhen, Guangdong Province (excluding Shenzhen), Jiangsu Province, and Zhejiang Province (excluding Ningbo), accounting for a total of 75.48%, up from 75.38% in January. Among them, Shanghai is at 61,354.22 billion yuan, Beijing at 51,179.61 billion yuan, Shenzhen at 20,795.94 billion yuan, Guangdong Province (excluding Shenzhen) at 13,601.82 billion yuan, Jiangsu Province at 13,010.20 billion yuan, and Zhejiang Province (excluding Ningbo) at 10,633.12 billion yuan, with respective scale proportions of 27.15%, 22.65%, 9.20%, 6.02%, 5.76%, and 4.71%.

As of the end of February 2026, the number of registered private equity fund managers by registration location (across 36 jurisdictions) is concentrated in Shanghai, Beijing, Shenzhen, Zhejiang Province (excluding Ningbo), Guangdong Province (excluding Shenzhen), and Jiangsu Province, accounting for a total of 72.40%, slightly higher than 72.39% in January. Among them, there are 3,619 in Shanghai, 3,172 in Beijing, 2,830 in Shenzhen, 1,525 in Zhejiang Province (excluding Ningbo), 1,519 in Guangdong Province (excluding Shenzhen), and 1,184 in Jiangsu Province, with respective proportions of 18.92%, 16.58%, 14.79%, 7.97%, 7.94%, and 6.19%.

The registration situation of private equity fund products in February was also disclosed. In February 2026, the number of newly registered private equity funds was 1,899, with a new registration scale of 132.993 billion yuan. Among them, there were 31,371 private securities investment funds with a new registration scale of 61.897 billion yuan; 106 private equity investment funds with a new registration scale of 6.535 billion yuan; and 422 venture capital funds with a new registration scale of 64.561 billion yuan.

(China Securities Investment Fund Industry Association)

(Editor: Xu Nannan)

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