(1) The proposed fund manager is a legally established fund management company, and the proposed fund custodian is a commercial bank with fund custody qualification;

(2) Having fund managers and other business personnel who meet the requirements of the China Securities Regulatory Commission and are suitable for managing and hosting the funds to be raised;

(3) The fund's investment management, sales, registration, valuation and other business links have sound systems and standardized behaviors, and there is no situation that affects the normal operation of the fund, damages or may damage the legitimate rights and interests of fund share holders;

(4) It has not been subjected to administrative punishment or criminal punishment for illegal acts in the last year;

(5) It is not being investigated by the regulatory authorities due to illegal acts, or it is being rectified;

(6) There are no major changes that have or may adversely affect the operation of the fund, or other major events such as litigation and arbitration;

(7) There are no major operational risks such as imperfect corporate governance, chaotic operation and management, ineffective implementation of internal control and risk management systems, and deterioration of financial conditions;

(eight) other conditions stipulated by the China Securities Regulatory Commission in accordance with the principle of prudent supervision. Article 12 is amended as: "When the fund raising period expires and the total amount of fund shares raised conforms to the provisions of Article 44 of the Securities Investment Fund Law and meets one of the following conditions, the fund manager shall go through the formalities of capital verification and fund filing in accordance with the provisions:

(a) the total number of shares raised by the fund is not less than 200 million shares, and the amount raised by the fund is not less than 200 million yuan; There shall be no less than 200 fund share holders;

(2) When raising funds, the fund management company shall use the funds of the company's shareholders, the company's inherent funds and the funds of the company's senior managers or fund managers to subscribe for no less than10 million yuan, and the holding period shall be no less than 3 years; The total amount of shares raised by the fund is not less than 50 million shares, and the amount raised by the fund is not less than 50 million yuan; The number of fund share holders shall not be less than 200. "

This decision shall come into force as of the date of promulgation.

The Measures for the Administration of the Operation of Securities Investment Funds shall be adjusted according to this decision and re-promulgated.