A fund company is established in accordance with the Company Law. According to Articles 2 and 3 of my country’s Company Law, a company is an enterprise legal person established in China in accordance with the Company Law and in the form of a limited liability company or a joint stock company. In principle, Article 6 of my country's "Company Law" stipulates that if a company is established and meets the establishment conditions stipulated in the "Company Law", it shall be registered as a limited liability company or a joint-stock company by the company registration authority, but the legal and administrative If regulations stipulate that the establishment of a company must be subject to approval, the approval procedures must be completed in accordance with the law before the company is registered.

Article 93 of my country's "Company Law" stipulates that if a joint stock limited company is established through a public offering of shares by way of public offering, the approval document from the securities regulatory authority of the State Council must also be submitted to the company registration authority. Therefore, the establishment of a fund company must be registered with the industrial and commercial administration department and the Securities and Exchange Commission, as well as at the place where the stock is issued and traded.

Each country or region has different regulations on the qualification review of fund managers. In my country, an institution applying to become a fund manager must have certain capital strength and good reputation, have the hardware conditions to operate and operate a fund (such as a fixed location and necessary facilities, etc.), specialized talents and a clear fund management plan. etc., and in accordance with relevant securities investment trust laws and regulations, only after review and approval by the relevant government authorities can the fund manager qualification be obtained.