Private fund tracker Simuwang reports that as of June 2, 2026 the number of
private fund managers with at least 10 bln yuan AUM reached 139, a record high.
Shanghai-headquartered firms account for 63 (45.32%); Beijing 34, Shenzhen 13,
Guangzhou 1. In 2026 there have been 26 new entrants to the ≥10 bln cohort, 11
of which are based in Shanghai; new entrants from other cities are all under 10
each.
