The conditions for the establishment of equity investment funds are: articles of association, business premises and good internal governance structure; The registered capital is paid-in capital; Shareholders with good reputation; And the qualifications of directors, supervisors and professional fund practitioners.

legal ground

Article 13 of 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) Having 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 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;

(seven) has a good internal governance structure, perfect internal audit monitoring system and risk control system;

(eight) other conditions stipulated by laws and administrative regulations and the the State Council securities regulatory agency approved by the State Council.