Legal basis: Article 16 of the Regulations on the Administration of Futures Trading shall apply for the establishment of a futures company, which shall comply with the provisions of the Company Law of People's Republic of China (PRC) and meet the following conditions:
(a) the minimum registered capital is 30 million yuan;
(2) The directors, supervisors and senior managers are qualified for the post, and the employees are qualified for the futures business;
(3) Having articles of association that comply with the provisions of laws and administrative regulations;
(4) The major shareholders and actual controllers have sustained profits and a good reputation, and have no record of major violations of laws and regulations in the last three years;
(5) Having qualified business premises and business facilities;
(6) Having a sound risk management and internal control system;
(seven) other conditions stipulated by the the State Council futures regulatory agency.
The State Council futures regulatory agency may raise the minimum registered capital according to the principle of prudent supervision and the risk degree of various businesses. Registered capital shall be paid-in capital. Shareholders shall make capital contribution in monetary or non-monetary property necessary for the operation of the futures company, and the proportion of monetary contribution shall not be less than 85%.
The State Council futures regulatory agency shall, within 6 months from the date of accepting the application for the establishment of a futures company, conduct a review according to the principle of prudent supervision, and make a decision on approval or disapproval.
Without the approval of the State Council Futures Regulatory Authority, no unit or individual may entrust or accept others to hold or manage the shares of futures companies.