The conditions for establishing a fund company are as follows: 1. It has articles of association, business premises and a sound internal management system; 2. The registered capital is not less than 1 100 million yuan; 3. The major shareholder is engaged in financial business and has no illegal record in the last three years; 4. Persons with fund qualifications, directors, supervisors and senior managers have corresponding qualifications; Requirements of the senior management of the company: having the qualification of fund practice and engaging in investment management-related business in the last three years.

legal ground

Article 12 of the People's Republic of China (PRC) Securities Investment Fund Law shall be a company or partnership established according to law. The fund manager of a publicly offered fund shall be a fund management company or other institutions approved by the the State Council Securities Regulatory Authority in accordance with relevant regulations.