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Conditions for establishing a fund company
The establishment conditions are as follows:

1. Articles of Association: Articles of Association that conform to the provisions of the Company Law are required, and the articles of association are the basic documents for the establishment of a company.

2. Registered capital: The registered capital of the fund company shall not be less than 1 100 million yuan, and must be paid-in monetary capital.

3. Shareholders' requirements: The major shareholders should have good performance in operating financial business or managing financial institutions, good financial status and social reputation, the asset scale meets the standards stipulated by the State Council, and there is no illegal record in the last three years.

4. Practitioners: Persons who have obtained the qualification of fund practitioners must reach a quorum and have corresponding qualifications.

5. Internal governance: It is necessary to have a sound internal management system, including risk control system and internal audit monitoring system.