1. It has articles of association in accordance with this Law and the Company Law of the People's Republic of China, with a registered capital of not less than 1 million yuan and must be paid-in monetary capital.

2. 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.

3. The number of personnel who have obtained the qualification for fund practice has reached a quorum and has been approved by the the State Council Securities Regulatory Authority.