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Principles for the establishment of fund companies

A fund company is established in accordance with the Company Law. According to the provisions of Articles 2 and 3 of my country's Company Law, a company is an enterprise legal person established in accordance with the Company Law and in the form of a limited liability company or a joint stock company.

In terms of establishment principles, Article 6 of my country's "Company Law" stipulates that if the establishment conditions are met, the company registration authority shall register it as a limited liability company or a joint-stock company respectively. Article 93 of the "Company Law" stipulates that if a joint-stock company is established through a public offering of shares through a public offering, the approval document from the securities regulatory authority of the State Council must also be submitted to the company registration authority.

Relevant laws and regulations regulating the operation of fund companies are based on the "Securities Investment Fund Law of the People's Republic of China" and the "Administrative Measures for Securities Investment Fund Management Companies". The Trust Law, the Interim Measures for the Business Management of Private Securities Investment Funds and other relevant administrative regulations are supporting complete fund regulatory regulations.