Qualifications required for operating a financial company

Conditions for establishing a financial company:

1. The registered capital of establishing wealth management is not less than 50 million yuan, of which the physical object does not exceed 20%;

2. Senior managers engaged in financing and wealth management should have the qualifications recognized by the National Development and Reform Commission, or have more than 2 years working experience in financial business. The major shareholders and senior managers have no record of economic crimes within 5 years;

3. It has a scientific and standardized risk control system and corresponding internal risk control institutions;

4. Having a fixed business place;

5. The business scope shall not involve banking and non-banking financial business;

6. It is not allowed to raise guarantee funds by membership;

7. Abide by relevant national laws and regulations.