Conditions for establishing a financial company

Legal analysis: First of all, enterprise groups must meet certain conditions. In other words, it must conform to the national industrial policy; The total assets of the member units controlled by the Group or consolidated in accordance with regulations one year before the application are not less than 8 billion yuan or equivalent in freely convertible currencies, and the proportion of net assets is not less than 35%; At the same time, for three consecutive years before the application, the total annual operating income of the group-controlled or consolidated member units is not less than 6 billion yuan, and the total profit is not less than 200 million yuan or equivalent in a freely convertible currency. The parent company has been established for more than 3 years, has experience in internal financial management and fund management of the group, and has not committed any major violations of laws and regulations in the past 3 years.

Legal basis: People's Republic of China (PRC) Company Law.

Article 23 To establish a limited liability company, the following conditions shall be met:

(1) Shareholders meet the quorum.

Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.

(2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association.