1. Having articles of association that comply with laws and administrative regulations;
2. The major shareholders are profitable continuously, have a good reputation, have no record of major violations of laws and regulations in the last three years, and have net assets of not less than 200 million yuan;
3. Having registered capital that meets the requirements of this Law;
4. Directors, supervisors and senior managers are qualified for the post, and employees are qualified for securities business;
5. Have a sound risk management and internal control system.
Regulatory requirements of securities companies:
1. A securities company shall establish and improve its internal control system in accordance with prudent operating rules, effectively prevent and resolve risks, and ensure the standardized operation of the securities company;
2. A securities company shall establish and improve the compliance management system, designate senior management personnel to be responsible for compliance management, and ensure that the compliance management department can perform its duties independently and effectively;
3. A securities company shall establish a sound risk management system, formulate risk management strategies and risk limits, establish a quantitative risk management model, and timely identify, evaluate, monitor, report and control various risks;
4. Securities companies should establish and improve the information barrier system to prevent insider trading and conflicts of interest and ensure fair trading;
5. A securities company shall establish and improve a customer asset protection system to ensure the safety and integrity of customer assets, and shall not misappropriate customer assets.
To sum up, the establishment of a securities company needs to meet a series of strict qualifications, including compliant articles of association, large shareholders with strong financial strength and good reputation, sufficient registered capital, qualified managers and employees, and perfect risk management and internal control system. In addition, securities companies also need to accept strict supervision in the course of operation, and abide by various regulatory requirements such as prudent operation, compliance management, risk management and control, information isolation, and customer asset protection to ensure the standardized and orderly operation of the securities market.
Legal basis:
Company Law of the People's Republic of China
Article 76
The establishment of a joint stock limited company shall meet the following conditions:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply with the law;
(4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting;
(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
(6) Having a company domicile.