What are the necessary conditions for an enterprise to set up a financial company?

An enterprise group (parent company) applying for the establishment of a finance company shall meet the following conditions: \x0d\ (1) It conforms to the national industrial policy and has a core main business. \x0d\ (2) The registered capital before application 1 at the end of the year shall not be less than 800 million yuan. \x0d\ (3) Before the application 1 at the end of the year, the total assets of the member units consolidated according to regulations shall not be less than 5 billion yuan, and the proportion of net assets shall not be less than 30%. \x0d\ (4) The financial position is good, and the total operating income of the member units consolidated according to regulations at the end of two consecutive years before the application is not less than 4 billion yuan, and the total pre-tax profit is not less than 200 million yuan. \x0d\ (5) The cash flow is stable and large. \x0d\ (6) has been established for more than 2 years, and has certain experience in internal financial management and fund management of enterprise groups. \x0d\ (vii) It has a sound corporate governance structure, and there are no improper related party transactions. \x0d\ (8) The credit status is good, and there is no bad credit record for two consecutive years before the application, and there is no violation of laws and regulations. \x0d\ (9) The sources of the capital for the shares are true and lawful, and the borrowed funds or the funds entrusted by others shall not be used. \x0d\ (10) Other prudential conditions stipulated by the CBRC.