14. Public offering licenses include Shanxi Securities, Dongxing Securities, Beijing Gaohua, Bank of China Securities, etc. China has 14. The application conditions for the public offering license are as follows: the application materials must be handled by the the State Council Securities Regulatory Authority, the examination and approval authority; The examination and approval time is 6 months and the qualification examination and approval is 20 days; Need a person in charge to be in charge of the fund management company; The application conditions of an asset management institution shall be in accordance with the Service Guide for Administrative Licensing Matters and the Provisions on the Examination and Approval of the Establishment of Public Offering Fund Management Companies and the Qualification of Public Offering Fund Managers issued on March 5, 2020.