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Are there any private fund management companies?
The newly established Jiutai Fund and Hongde Fund,

Jiutai Fund is a Public Offering of Fund management company initiated by Kunwu Jiuding Investment Management Co., Ltd. and Beijing Tongchuang Jiuding Investment Management Co., Ltd. I think its shareholders can be identified as private.

Hongde Fund was established by Wang Dexiao, and other shareholders are Sunshine Insurance Company, Zhuhai Ji Ye Evergreen Equity Investment Fund (Limited Partnership), Nanjing Minsheng Leasing Co., Ltd., Jiangsu Daocun Industrial Development Co., Ltd. and Shanghai Jieshuo Information Technology Co., Ltd.

Although Hongde Fund did not disclose the specific shareholding ratio of each shareholder, I think Wang Dexiao is definitely holding or has a large proportion. It can also be considered private.