Legal basis: Article 62 of the People's Republic of China (PRC) Securities Investment Fund Law shall meet the following conditions: (1) Fund raising shall comply with the provisions of this Law; (2) The term of the fund contract is more than five years; (3) The amount raised by the fund is not less than 200 million yuan; (4) The number of fund share holders shall be no less than 1000; (5) Other conditions stipulated in the rules for listing and trading of fund shares.