China’s AMAC Says PE/VC Fund AUM Tops 16 Trillion Yuan, a Record

The record figure matters less as a headline than as a signal of where Chinese policy wants capital to sit: equity and venture vehicles rather than other asset classes, with AMAC crediting official support and a steadier market. The new committee's founding suggests the association is formalizing its role in that push, which affects domestic fund managers and the portfolio companies they back. Whether the AUM growth reflects fresh commitments or valuation recovery is not addressed here, and that distinction is the open question worth watching.