The Asset Management Association of China reported a total of 21,625 private fund managers in China by the end of 2023, indicating substantial growth in the asset management sector. Of these, 8,469 are focused on private securities investment, with the remaining 12,893 dedicated to private equity and venture capital. The majority are based in China’s financial hubs of Shanghai, Beijing and Shenzhen. This increase reflects the expanding landscape of China’s financial sector, highlighting a shift towards diverse investment strategies and underlining the cities’ roles as centres of financial innovation. The data points to a more sophisticated and dynamic market, suggesting a robust future for investment and fund management in China.