In March 2025, the Asset Management Association of China (AMAC) welcomed 19 new private fund managers to its ranks while deregistering 75 others. By the end of the month, the total number of active private fund managers stood at 19,951, overseeing a portfolio of 142,278 funds with a cumulative asset size of 19.97 trillion yuan. This diverse group comprised 7,860 private securities investment fund managers and 11,894 private equity and venture capital fund managers.