Company. The paid-in capital of the fund manager needs to be no less than RMB 100 million, and must be paid-in monetary capital. The fund manager shall be a company or partnership established in accordance with the law, and the paid-in monetary capital shall be borne by the company. A fund management company refers to an enterprise legal person established within the territory of the People's Republic of China and engaged in securities investment fund management business with the approval of the China Securities Regulatory Commission.