BEIJING, Feb. 26 (Xinhua) -- The number of private fund managers registered with Asset Management Association of China (AMAC) reached 24,458 by the end of January, up 0.04 percent month on month, according to data released by AMAC on Monday.
China had 75,178 private funds by the end of January, with a combined value of 12.74 trillion yuan, a decrease of 37.09 billion yuan or 0.29 percent month on month, AMAC data also showed.
China's private fund industry employed 244,300 staff by the end of January, a decline of 1341 over the previous month, according to AMAC.
Private securities investment fund (PSIF) managers numbered at 8,997 by the end of January, and the number of private equity (PE) and venture capital fund managers totaled 14,685.
China had 35,843 PSIFs with managed asset value of 2.13 trillion yuan by the end of January, 27,468 PE investment funds of 7.84 trillion yuan, 6,667 venture capital funds of 0.92 trillion yuan.
In terms of manager distribution by asset size, 239 registered private fund managers managed funds of 10 billion yuan or more by the end of January, 270 managed funds of 5 billion to 10 billion yuan, 672 managed funds of 2 billion to 5 billion yuan, 830 managed funds of 1 billion to 2 billion yuan, 1,148 managed funds of 500 million to 1 billion yuan, 4,306 managed funds of 100 million to 500 million yuan, and 2,300 managed funds of 50 million to 100 million yuan.
China's private fund market has expanded quickly in recent years, and it jumped 15.1 percent year on year in 2018.
The steady expansion of the private fund offers capital for enterprises to innovate and grow, said Hong Lei, head of AMAC. (Edited by Su Dan)
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