Conditions for the establishment of a fund company: 1, and the registered capital (paid-in capital) shall not be less than 1 100 million yuan; 2. Directors, supervisors and senior managers have corresponding qualifications; 3. There are sites, structures and systems that meet the requirements; 4. Other conditions for establishing a fund company.

Legal objectivity:

Article 13 of the People's Republic of China (PRC) Securities Investment Fund Law The establishment of a fund management company to manage publicly offered funds shall meet the following conditions and be approved by the the State Council Securities Regulatory Authority: (1) It has articles of association that conform to this Law and the People's Republic of China (PRC) Company Law; (2) The registered capital shall not be less than 1 billion yuan, and it must be paid-in monetary capital; (3) The major shareholder has a good performance in financial business or management of financial institutions, has a good financial status and social reputation, and its asset size meets the standards set by the State Council, and has no illegal record in the last three years; (four) the number of personnel who have obtained the qualification for fund practice has reached a quorum; (5) Directors, supervisors and senior managers have corresponding qualifications; (6) Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements; (7) Good internal governance structure, perfect internal audit monitoring system and risk control system.