The establishment of a fund management company requires a registered capital of not less than 1 million yuan, and must have a quorum of paid-in monetary capital, qualified fund practitioners, directors, supervisors and senior managers with corresponding qualifications. Let's take a look at the detailed requirements.

what conditions do individuals need to set up a fund company?

1. The fund company has company regulations and business premises, and a sound internal management system;

2. The registered capital of the fund company is not less than 1 million RMB;

3. The major shareholders of the fund company are engaged in financial business, and they have no illegal records in the recent three years;

4. The executive directors, company supervisors and professional managers of the fund company, that is, those who have the qualification certificate for fund practice, have corresponding qualifications;

5. The requirement for the management of the company is to have the qualification certificate of fund practice and have been engaged in investment management related business in the last three years.

Differences between funds and foundations:

1. The organizational structure is different: generally speaking, funds are securities investment funds, which are managed by fund companies, which are profit-making institutions, while foundations are non-profit organizations;

2. Ownership relationship is different: funds (securities investment funds) are generated by users' investment behavior, and the right to use them belongs to investors, while foundation funds are formed based on donation relationship, and ownership will be transferred

3. The purpose of fund opening is different: funds (securities investment funds) are set up to provide value-added services for users' funds, while funds set up by foundations mainly serve social public welfare undertakings.