According to article 16, paragraph 1 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: ① The minimum registered capital is RMB 30 million; (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 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; ⑦ Other conditions stipulated by the State Council futures regulatory agency.