(1) An application for the establishment of a fund management company shall be initiated by two or more qualified promoters. The main sponsor shall apply to the China Securities Regulatory Commission as the applicant.
(2) The establishment of a fund management company has to go through two stages: preparation and opening. The establishment and opening of a fund management company must be approved by the China Securities Regulatory Commission.
(3) To apply for the establishment of a fund management company, the main sponsor shall submit the following application materials to the China Securities Regulatory Commission as the applicant: an application report; Feasibility report; Sponsor information; Sponsor agreement; List and resumes of personnel responsible for the preparatory work; Other materials required by China Securities Regulatory Commission. Among them, the sponsor agreement mainly includes: the basic rights and obligations of the sponsor, the mode of contribution of the sponsor to subscribe for the fund share, the fund share held at the time of initial subscription and the authorization of the sponsor to the main sponsor.
(4) The preparation period of the fund management company approved by China Securities Regulatory Commission is 6 months. In case of special circumstances, with the approval of the China Securities Regulatory Commission, it may be extended appropriately, but the longest time shall not exceed 1 year. Fund management and other business activities shall not be carried out during the preparation period.
(5) When preparing for the establishment of a fund management company, the applicant shall apply to the China Securities Regulatory Commission for starting business, and submit the following application materials: preparation, capital verification certificate, personnel, internal organization and functions, management system, articles of association, business premises and technical facilities, fund management plan and business rules, and other materials required by the China Securities Regulatory Commission. Among them, the articles of association of the company shall be formulated in accordance with the Interim Measures for the Administration of Securities Investment Funds, the Implementation Criteria No.4 and the Guidelines for Essential Clauses of the Articles of Association of Fund Management Companies issued by the China Securities Regulatory Commission.
(VI) A fund management company approved to be established shall go through the registration formalities with the administrative department for industry and commerce with the approval document of the China Securities Regulatory Commission, and obtain the legal person license of the fund management company issued by the China Securities Regulatory Commission with the business license issued by the administrative department for industry and commerce and the approval document of the China Securities Regulatory Commission.
(7) The approved fund management company shall be uniformly announced to the public by the China Securities Regulatory Commission in the designated newspaper, and the announcement fee shall be paid by the announced fund management company. Conditions for applying for the establishment of a fund company: to establish a fund management company, the following conditions shall be met: the main sponsors are securities companies and trust and investment companies established in accordance with relevant state regulations; 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, it is generally necessary to submit relevant documents to the securities management department for review. Only after a qualified fund management company is approved and registered by the securities management department can the fund management company conduct business.
2. venture capital fund, also known as venture capital fund, is a new type of investment institution widely popular in the world today. It absorbs funds from institutions and individuals in a certain way, and invests in small and medium-sized enterprises and emerging enterprises that are not qualified for listing, especially high-tech enterprises. The venture capital fund does not need the asset mortgage guarantee of the venture enterprise, and the procedure is relatively simple. Its management policy is to pursue high returns in high risks. Venture capital funds mostly participate in investment in the form of shares, with the purpose of helping the invested enterprises to mature as soon as possible and obtain listing qualifications, so as to achieve the purpose of increasing capital. Once the company's shares are listed, venture capital funds can recover their funds through equity transfer in the securities market and continue to invest in other venture enterprises.