According to the Securities Investment Fund Law, the State Council's Reply on Relevant Issues Concerning the Management of Public Offering Funds by Fund Management Companies (Guo Han [20 13] 132) and relevant regulations, the China Asset Management Association has given the following answers to the questions concerning the establishment of fund management companies and the application for the qualification of fund public offering management business.
What other conditions do securities companies need to apply for the qualification of public offering fund management business?
A: A securities company applying for the qualification of public offering fund management business shall also meet the following conditions:
(a) the total scale of asset management is not less than 20 billion yuan or the scale of collective asset management business is not less than 2 billion yuan;
(2) In recent 12 months, all risk control indicators have continuously met the prescribed standards.