Business Establishment Services
Fund management JV Registration Service
Eyes on China Registration Services
We take care of the registration procedure saving you both time and resources and making sure that your JV is correctly registered according to all latest legislations:
- Collecting, making and approving letters
- Preparing and/ or verifying feasibility reports, proof of legal qualifications of all the investors, contracts, filled forms, articles signed and documents requested by the Minister of Foreign Trade and Economic
- Dealing with the 14 Examination and Approval Departments according to deadlines
- Fully registering your JV
Application Requirements
1. Foreign shareholders of the foreign-shared fund management corporation have to be qualified for the following conditions:
A. Legally existing financial institution according to law imposed by its home country, which has not been punished severely by its domestic securities regulation institutions and judicial authorities in recent 3 years
B. The home country/region of the applicant should have sound legal and regulatory system, and its securities regulator has signed Memorandum of Understanding with China securities regulatory Commission (CSRC) and has maintained an efficient regulatory and co-operative relationship
C. Minimum paid-up capital in foreign currency which can be converted freely equivalent to 300,000,000 RMB
D. Other prudent requirements requested by CSRC
2. Sino shareholders of the foreign-shared fund management corporation should have fund management corporation shareholder qualification, Stipulated by CSRC
3. Shares and equity held by foreign shareholders of the foreign-shared fund management corporation, should not exceed 33%(including direct and indirect possession) and 49% after 3 years of China´s participation in WTO
4. Foreign shareholders should contribute by using currencies which can be converted freely
5. President, general manager and deputy general manager of foreign-shared fund management corporation should qualify the qualification conditions of senior managers for fund management corporation, regulated by CSRC
Application Procedure
1. Certification Needed for Setting up JV
- Examination and Approval Department: CSRC
2. Pre-approval of JV Name
- Examination and Approval Department: Administration of Industry and Commerce
3. Application for Operation of Management Corporation
- Examination and Approval Department: CSRC
4. Process of Proposed Agency Code
- Examination and Approval Department: State Bureau of Technical Supervision (The Administration Center of Organization Code)
5. Industry and Commerce JV Registration
- Examination and Approval Department: Administration of Industry and Commerce
6. Public Security Bureau registration:
- Examination and Approval Department: Municipal Public Security Bureau
7. Enterprise Chop Engrave
- Examination and Approval Department:Engraving of organization chop proposed by police station
8. Enterprise Cope registration
- Examination and Approval Department: State Bureau of Technical Supervision
9. Tax registration
- Examination and Approval Department: Municipal Local Taxation Bureau
10. Administration of foreign exchange registration:
- Examination and Approval Department: Beijing Center of Foreign Exchange Control
11. Opening bank account
- Examination and Approval Department: Local bank
- Examination and Approval Department: The Financial Bureau
- Examination and Approval Department: The Statistical Bureau
- Examination and Approval Department: Customs