Legal analysis: To set up a fund company, there must be two qualified sponsors. After the main sponsors apply to the CSRC, they must submit various materials, and the CSRC will review the materials. After the fund company is approved to be established, it must register with the Industrial and Commercial Bureau, and then open a basic deposit account in the bank for tax registration. After this series of things were completed, the fund company was announced. Charitable foundations are divided into public offering foundations and non-public offering foundations that are not allowed to raise funds from the public.

Legal basis: Article 2 of the People's Republic of China (PRC) Securities Investment Fund Law establishes a securities investment fund (hereinafter referred to as the fund) in People's Republic of China (PRC) by way of public offering or private placement, which is managed by the fund manager and managed by the fund custodian, and operates for the benefit of the fund share holders, and this Law is applicable; Where there are no provisions in this Law, the provisions of People's Republic of China (PRC) Trust Law, People's Republic of China (PRC) Securities Law and other relevant laws and administrative regulations shall apply.