Legal basis: Article 9 of the Interim Measures for the Administration of Financing Guarantee Companies shall meet the following conditions for the establishment of a financing guarantee company:
(1) It has articles of association that meet the requirements of the Company Law of People's Republic of China (PRC).
(2) There are shareholders who can contribute continuously.
(3) Having registered capital that meets the requirements of these Measures.
(4) Having qualified directors, supervisors, senior managers and qualified employees.
(5) Having a sound organizational structure, internal control and risk management system.
(6) Having a business place that meets the requirements.
(seven) other prudential conditions stipulated by the regulatory authorities.
Measures for the qualification management of directors, supervisors, senior managers and employees shall be formulated separately by the inter-ministerial joint meeting of financing guarantee business supervision.