What conditions does a company need to develop trust business?

1. Seal the company in accordance with the Company Law of People's Republic of China (PRC) and the regulations of China Banking Regulatory Commission.

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2. Shareholders who meet the requirements of the China Banking Regulatory Commission;

3. It has the minimum registered capital meeting the requirements of these Measures;

4. Having directors and senior managers who meet the requirements stipulated by the China Banking Regulatory Commission and trust practitioners who are suitable for their business;

5. Having a sound organizational structure, operating rules for trust business and risk control system;

6. Having qualified business premises, safety precautions and other business-related facilities;

7. Other conditions stipulated by China Banking Regulatory Commission.

The minimum registered capital of a trust company is 300 million yuan or its equivalent in a freely convertible currency.

Capital is paid in monetary capital.