(1) Having 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 good business performance and social reputation in securities business, securities investment consulting, trust asset management or other financial asset management, has no illegal record in the last three years, and has a registered capital of not less than 300 million yuan;

(four) the number of personnel who have obtained the qualification for fund practice has reached a quorum;

(5) Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements;

(6) Having a sound internal audit monitoring system and risk control system;

(seven) other conditions stipulated by laws, administrative regulations and the State Council securities regulatory agency approved by the State Council.