Regulations on the Administration of Foundations To establish a foundation, the following conditions shall be met:

(1) Established for a specific public welfare purpose;

(2) The original fund of the national public offering foundation is not less than 8 million yuan, the original fund of the local public offering foundation is not less than 4 million yuan, and the original fund of the non-public offering foundation is not less than 2 million yuan; The original funds must be the money received;

(3) Having a standardized name, articles of association, organizational structure and full-time personnel suitable for its activities;

(4) Having a fixed residence;

(5) Being able to bear civil liability independently.

Requirements for companies to set up funds

1 Shareholders comply with the provisions of the Securities Investment Fund Law and these Measures;

2. Having articles of association that comply with the Securities Investment Fund Law, the Company Law and the provisions of the China Securities Regulatory Commission;

3. The registered capital shall be no less than RMB 6,543.80 billion, and the shareholders shall make contributions in cash, and the overseas shareholders shall make contributions in freely convertible currencies;

4. There are no less than 65,438+05 senior managers and business personnel engaged in research, investment, valuation and marketing who meet the requirements of laws, administrative regulations and the China Securities Regulatory Commission, and have obtained the qualification for fund practice;

5. Having business premises, safety precautions and other business-related facilities that meet the requirements;

6. Set up organizations and posts with reasonable division of labor and clear responsibilities;

7. Having internal control systems such as supervision, auditing and risk control that meet the requirements of China Securities Regulatory Commission;

8. Other conditions stipulated by the China Securities Regulatory Commission approved by the State Council.