How to apply for the establishment of a fund management company?

A fund manager refers to an institution with special knowledge and experience, which uses the managed fund assets to make investment decisions according to laws and regulations, fund articles of association or fund contracts, and scientific portfolio principles, so as to continuously increase the value of the managed fund assets and enable fund holders to obtain as much income as possible. Fund managers have different names in different countries (regions), such as. It is called an investment management company in Britain, a fund management company in the United States, an investment trust company in Japan and a securities investment trust enterprise in Taiwan Province Province. But their responsibilities are basically the same, that is, the use and management of fund assets. I _ "Interim Measures for the Administration of Securities Investment Funds" stipulates that the responsibilities of fund managers mainly include: investing with fund assets and managing fund assets in accordance with the provisions of the fund contract; Pay the fund income to the fund holder in time and in full; Keep the accounting books of the fund for more than 15 years; Prepare the fund financial report, make a timely announcement and report to the China Securities Regulatory Commission; Calculate and publish the net asset value of the fund and the net asset value of each fund share; Other duties stipulated in the fund contract; The manager of the open-end fund shall also handle the subscription and redemption of the fund in a timely and accurate manner in accordance with the relevant provisions of the state and the provisions of the fund contract.

Fund managers are managers and users of fund assets. The quality of fund income depends on the level of fund managers' management and use of fund assets, so the qualifications of fund managers must be strictly limited to protect the interests of investors. Only institutions with certain conditions can serve as fund managers. Different countries or regions have different regulations on the qualifications of fund managers. Generally speaking, an institution applying to become a fund manager must obtain the qualification of fund manager in accordance with the relevant securities investment trust laws and regulations of the country or region where it is located and after being approved by the relevant government authorities. The contents of the audit include: whether the fund management company has certain capital strength and good reputation, whether it has the hardware conditions (such as fixed place and necessary facilities) to operate and operate the fund, whether it has specialized talents and clear fund management plans, etc.

In Japan, according to the Securities Investment Trust Law promulgated by 195 1, a trust company must be a joint stock limited company with a registered capital of over 50 million yen. In the early stage of development, securities companies generally run fund management business concurrently. With the development of business, due to the inevitable conflicts of interest, trust companies are gradually separated from securities companies and become fund management institutions with independent legal personality.

In China, according to the Interim Measures for the Management of Securities Investment Funds, the conditions for establishing a fund management company are that the main sponsors are securities companies and trust and investment companies established in accordance with relevant regulations of China; The main promoters are in good operating condition and have been making profits continuously for the last three years; The paid-in capital of each promoter is not less than 300 million yuan; The minimum paid-in capital of the fund management company to be established is 6,543,800 yuan; Having a clear and feasible fund management plan; Having qualified fund managers; Other conditions stipulated by the China Securities Regulatory Commission.

To apply for the establishment of a fund management company, relevant documents shall be submitted to the securities management department, which shall