Legal analysis: There are two special accounts for fund offering: one-to-one and one-to-many. One-to-one accounts are relatively simple, with 30 million cases. The process is to submit the list of elements-investment management contract-the custodian and the investor cooperate to finalize the contract-open a custody account-the investor pays and enters the account; One-to-many supervision is stricter. The subscription process is that the investor signs the contract sealed by the manager and the custodian and transfers the money to the fund-raising account in the contract.

Legal basis: Securities Investment Fund Law

Article 12 A fund manager shall be a legally established company or partnership. The fund manager of a publicly offered fund shall be a fund management company or other institutions approved by the the State Council Securities Regulatory Authority in accordance with relevant regulations.

Article 13 The establishment of a fund management company to manage publicly offered funds shall meet the following conditions and be approved by the securities regulatory authority of the State Council: (1) It has articles of association that conform to this Law and the Company Law of People's Republic of China (PRC); (2) The registered capital shall not be less than 1 billion yuan, and it must be paid-in monetary capital; (3) The major shareholder has a good performance in financial business or management of financial institutions, has a good financial status and social reputation, and its asset size meets the standards set by the State Council, and has no illegal record in the last three years; (four) the number of personnel who have obtained the qualification for fund practice has reached a quorum; (5) Directors, supervisors and senior managers have corresponding qualifications; (6) Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements; (seven) has a good internal governance structure, perfect internal audit monitoring system and risk control system; (eight) other conditions stipulated by laws and administrative regulations and the the State Council securities regulatory agency approved by the State Council.