The conditions for the establishment of public fund products are as follows: 1. Have articles of association that comply with the provisions of the Capital Law and the "Company Law of the People's Republic of China"; 2. The registered capital shall not be less than 100 million yuan, and must be paid-in monetary capital;

3. The major shareholders should have good performance in operating financial business or managing financial institutions, good financial status and social reputation, the asset scale must meet the standards stipulated by the State Council, and there should be no illegal records in the past three years; 4. Personnel who have obtained fund professional qualifications must meet the legal requirements.

Number of people; 5. Directors, supervisors and senior managers have corresponding qualifications; 6. There are business premises, safety precautions and other facilities related to fund management business that meet the requirements; 7. There is a good internal governance structure and a complete

Internal audit monitoring system and risk control system; 8. Other conditions stipulated by laws, administrative regulations and the securities regulatory authority of the State Council approved by the State Council.