2. Shareholders who have the ability to contribute continuously.
3. It has registered capital that meets the requirements of these Measures.
4. Having qualified directors, supervisors, senior managers and qualified employees.
5. Have a sound organizational structure, internal control and risk management system.
6. Having a business place that meets the requirements.
7. 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. The regulatory authorities shall stipulate the minimum registered capital of a financing guarantee company according to the local actual situation, but it shall not be less than 5 million yuan. Registered capital is paid-in monetary capital.
Extended data:
A financing guarantee company shall take safety, liquidity and profitability as its operating principles and establish a continuous and prudent market-oriented business model. Business dealings between financing guarantee companies and customers such as enterprises and banking financial institutions shall follow the principle of honesty and trustworthiness and abide by contracts.
A financing guarantee company shall conduct business according to law and shall not be interfered by any organ, unit or individual. When conducting business, a financing guarantee company shall abide by laws and regulations and the provisions of these Measures, and shall not harm the national and social public interests.
The establishment of a financing guarantee company and its branches shall be subject to the examination and approval of the regulatory authorities. Approved financing guarantee companies and their branches shall be issued business licenses by the regulatory authorities, and shall apply to the administrative department for industry and commerce for registration on the basis of the licenses.
References:
Baidu Encyclopedia-Interim Measures for the Administration of Financing Guarantee Companies