What conditions do you need to set up a private equity fund company?

The establishment of a fund company shall be approved by the China Securities Regulatory Commission. The establishment of a fund company must meet the requirements of the Securities Investment Fund Law and the Measures for the Administration of Securities Investment Fund Management Companies, such as shareholder qualification, articles of association, registered capital, employee qualification, internal system, organization and business place, and submit a written application to the China Securities Regulatory Commission.

According to the provisions of Article 13 of the Securities Investment Fund Law of People's Republic of China (PRC), a fund management company that manages publicly offered funds shall meet the following conditions and be approved by the the State Council Securities Regulatory Authority:

(1) Having articles of association that conform to this Law and the Company Law of People's Republic of China (PRC);

(2) The registered capital shall not be less than 1 billion yuan, and it must be paid-in monetary capital;

(3) The major shareholder has a good performance in financial business or management of financial institutions, has a good financial status and social reputation, and its asset size meets the standards set by the State Council, and has no illegal record in the last three years;

(four) the number of personnel who have obtained the qualification for fund practice has reached a quorum;

(5) Directors, supervisors and senior managers have corresponding qualifications;

(6) Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements;

(seven) has a good internal governance structure, perfect internal audit monitoring system and risk control system;

(eight) other conditions stipulated by laws and administrative regulations and the the State Council securities regulatory agency approved by the State Council.

Extended data:

Article 19 of the Securities Investment Fund Law of People's Republic of China (PRC) * * * The fund manager of a publicly offered fund shall perform the following duties:

(1) Raising funds according to law and handling the sales and registration of fund shares;

(2) Handling fund filing procedures;

(3) Manage and keep accounts for different fund assets under management, and make securities investments;

(4) Determine the fund income distribution plan according to the agreement in the fund contract, and distribute the income to the fund share holders in time;

(five) to conduct fund accounting and prepare fund financial accounting reports;

(6) Preparing interim and annual fund reports;

(seven) calculate and publish the net asset value of the fund, and determine the subscription and redemption prices of the fund shares;

(8) Handling information disclosure matters related to fund property management business activities;

(9) Convening a general meeting of fund share holders in accordance with regulations;

(10) Keeping records, account books, statements and other relevant materials of fund property management business activities;

(eleven) in the name of the fund manager, on behalf of the interests of the fund share holders to exercise litigation rights or carry out other legal acts;

(twelve) other duties as prescribed by the the State Council securities regulatory agency.

Baidu Encyclopedia-People's Republic of China (PRC) Securities Investment Fund Law