The overseas shareholders of a Sino-foreign joint venture fund management company shall meet the following conditions: (1) It is a financial institution established in accordance with the laws of the country or region where it is located, legally existing and experienced in financial asset management, with sound financial position and good credit standing, and has not been punished by the regulatory authorities or judicial organs in the last three years. (2) The country or region where it is located has a sound securities law and regulatory system, and its securities regulatory agency has signed a memorandum of understanding on securities regulatory cooperation with the China Securities Regulatory Commission or other institutions recognized by the China Securities Regulatory Commission, and maintained an effective regulatory cooperation relationship. (3) The equivalent convertible currency with paid-in capital of not less than 300 million yuan. (4) Other conditions approved by the State Council and stipulated by the China Securities Regulatory Commission.