A fund company refers to an enterprise established in China with the approval of the China Securities Regulatory Commission to engage in securities investment fund management business. Its business scope includes entrusted management of equity investment funds, equity investment, etc.
Registering a fund company in Beijing requires approval from relevant departments such as the China Securities Regulatory Commission and the Administration for Market Regulation.
In addition, companies need to have fund practitioner qualifications, and there are many other requirements.
1. The establishment of a fund company has the following requirements: the name of a fund company shall consist of administrative division, brand name, industry, and organizational form in order. The company name shall not be named "China", "China", "National", "National", "International", etc.
words.
The names of corporate investment fund companies are determined as follows: XXX Investment Fund Co., Ltd. (the administrative division can be added before or in the middle of the name); XXX Equity Investment Fund Co., Ltd.
The names of corporate fund management companies are determined as follows: XXX Investment Fund Management Co., Ltd.; XXX Equity Investment Fund Management Co., Ltd.
The names of partnership fund companies are determined as follows: XXX Investment Fund Management Center (Limited Partnership); XXX Equity Investment Fund (Limited Partnership); XXX Equity Investment Fund Management Center (Limited Partnership).
2. Registered address: The registered address (company domicile) refers to the company’s main business location confirmed by law.
Usually the location of the company's business hub where orders are issued.
The company's domicile is the place stated in the company's articles of association and is a necessary record of the company's articles of association. Public disclosure of the company's domicile is one of the necessary records of the company's articles of association and one of the company's registration matters.
If a company changes its domicile, it must register the change, otherwise it may not use the change against a third party.
3. In terms of registered capital: paid-in capital or actual paid-in capital shall not be less than 10 million yuan; among products raised and managed by oneself or entrusted by other institutions to manage, investment in publicly issued shares, bonds, and fund shares of a joint-stock company
and other securities and their derivatives specified by the China Securities Regulatory Commission, with a cumulative scale of more than RMB 100 million; have two qualified licensed persons in charge and a compliance and risk control person; have good social reputation, with nearly three
There are no records of violations of laws and regulations in 2018, and there are no bad integrity records in financial supervision, industrial and commercial, taxation and other administrative agencies as well as commercial banks, self-regulatory management and other institutions; equity investment management institutions, venture capital management institutions, etc. that meet the registration conditions shall report to the Asset Management Association
Application for registration; other conditions stipulated by laws, administrative regulations and stipulated by the State Council Securities Regulatory Authority and the State Council Banking Regulatory Authority approved by the State Council.
4. Articles of Association: Articles of Association are one of the conditions for establishing a company.
The approval authority and registration authority must review the company's articles of association to decide whether to grant approval or registration.
A company without articles of incorporation cannot be approved and cannot be registered.
5. The fund contract mainly includes the following contents: the rights and obligations of fund share holders, fund managers, and fund custodians; the operation method of the fund; the fund’s capital contribution method, amount, and subscription period; the fund’s investment scope and investment strategy
and investment restrictions; fund income distribution principles and implementation methods; relevant expenses borne by the fund; content and methods of fund information provision; procedures and methods for the subscription, redemption or transfer of fund shares; reasons for change, cancellation and termination of the fund contract,
Procedure; Fund property liquidation method.