What are the basic requirements for applying to establish a fund management company?

Answer: The establishment of a fund management company must meet the following basic conditions: (1) It must have articles of association that comply with the provisions of the Securities Investment Fund Law and the Company Law; (2) The registered capital must be no less than RMB 100 million, and shareholders must

For funds to be paid in, overseas shareholders shall contribute capital in freely convertible currency; (3) The major shareholders shall have good performance in operating financial businesses or managing financial institutions, good financial status and social reputation, and the asset scale shall meet the standards stipulated by the State Council.

There are no illegal records in 2018; (4) There are proposed senior managers and personnel engaged in research, investment, valuation, sales and other businesses who comply with laws, administrative regulations and the provisions of the China Securities Regulatory Commission, and there are many proposed senior managers and business personnel.

There are more than 15 people in the company, and they should obtain fund business qualifications; (5) Directors, supervisors, and senior managers have corresponding qualifications; (6) Have business premises, safety precautions, and other facilities related to fund management business that meet the requirements;

(7) Have a good internal governance structure, and set up organizational structures and job positions with reasonable division of labor and clear responsibilities; (8) Have internal audit monitoring, risk control, information security and other internal control systems that comply with the provisions of the China Securities Regulatory Commission; (9)

) Other conditions stipulated by laws, administrative regulations and the China Securities Regulatory Commission approved by the State Council.