1. It has articles of association that conform to this Law and the Company Law of People's Republic of China (PRC);
2. The registered capital shall not be less than 1 100 million yuan, and must be paid-in monetary capital;
3. The major shareholders engaged in financial business or managing financial institutions have good performance, good financial status and social reputation, and their assets have reached the standards set by the State Council, and they have no illegal records in the last three years;
4. 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;
8. Other conditions as prescribed by laws and administrative regulations and approved by the State Council Securities Regulatory Authority.