Conditions for setting up a trust company

Legal analysis: 1. Having articles of association that conform to the Company Law of People's Republic of China (PRC) and the provisions of the People's Bank of China;

2. Shareholders who meet the requirements of the People's Bank of China;

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

4. There are senior managers who meet the qualifications stipulated by the People's Bank of China 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 business premises, safety precautions and other business-related facilities that meet the requirements;

7. Other conditions stipulated by the People's Bank of China. The People's Bank of China may examine the application for establishing a trust and investment company according to the needs of economic development and the situation of the trust market.

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

Article 23 The establishment of a limited liability company shall meet the following conditions: (1) The number of shareholders shall reach a quorum; (2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile.

Article 76 To establish a joint stock limited company, the following conditions shall be met: (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.