According to the provisions of Article 16 of the Regulations on the Administration of Futures Trading, an application for the establishment of a futures company 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) Directors, supervisors and senior managers are qualified to hold posts, and employees are qualified to engage in 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.