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Business Establishment Services

Security services 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

Foreign-shared Securities Company should satisfy the following conditions:

1. Registered capital should be suitable for requirements requested by "Securities Law" of China about registered capital of comprehensive securities company.  The company should satisfy the basic conditions of brokerage Securities Company

-Minimum Registered capital: 500,000,000 RMB

-Underwriting of newly issued shares at least 5 times for last 3 years

-Average securities agency sales is at least 1% of the market´s total transaction for last 2 years

-Making profits for 3 consecutive years

-Separate management system of self-operated business and brokerage business

-Having professional staff: at least 5 qualified professional staffs for self-operated securities business, 5 qualified professional staffs for securities investment consulting, 10 qualified professional staffs for securities underwriting business, accountants, lawyers and computer professionals

-No significant rules violation record for most recent year

2. Shareholders, their percentage of contribution and investment form should satisfy all the conditions required

3. At least 50 qualified staffs for securities business, essential accountants, lawyers and computer professionals according to regulations of China´s Securities Regulatory Commission (CSRC) 

4. Having healthy systems of internal management, risk control and separate management system for underwriting, securities brokerage and self-operated businesses, and suitable internal management technical system.

5. Requested premises and facilities for operation

6. Other prudent conditions requested by CSRC

Foreign shareholders of the foreign-shared securities company have to satisfy the following conditions:

1.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

2.Having legal qualification for running securities business in applicant´s home country, have been operating financial services for at least 10 years, and have not been punished significantly by securities regulatory institutions and juridical authorities for last 3 years.

3. Risk control indicators should meet the requirements set by laws and securities authorities under its home jurisdiction

4. Having healthy internal management system

5.Sound reputation and operation performance on international securities market

6.Other prudent conditions requested by CSRC

Sino shareholders of foreign-shared securities company should have securities company shareholder qualification, Stipulated by CSRC

1. At least one of the Sino shareholders of foreign-shared securities company has to be domestic securities company, except for foreign-shared securities company which was initially a domestic company.

2. Sino shareholders can contribute in forms of cash or essential objects for operation.  Foreign shareholders should contribute by using currencies which can be converted freely

3. Shares and equity held by foreign shareholders of the foreign-shared fund management corporation, should not exceed 33%(including direct and indirect possession)

4. Shares and equity held by at least one Sino shareholder of domestic securities company of the foreign-shared fund management corporation should be more than one-third (including direct and indirect possession). When domestic securities turns into foreign-shared securities company, at least one Sino shareholder holds at least one-third of the total shares

5. President, general manager and deputy general manager of foreign-shared securities company should qualify the qualification conditions of senior managers for fund management corporation, regulated by CSRC

Application Procedure

1. Pre-approval of JV Name

• Examination and Approval Department: Administration of Industry and Commerce

2. Application for setting up joint venture enterprise

• Examination and Approval Department: CSRC

  3. Proposed Agency Code Registration

  • Examination and Approval Department: State Bureau of Technical Supervision or The Administration Center of Organization Code)

    4. Industry and Commerce JV Registration

    • Examination and Approval Department: Administration of Industry and Commerce

5. Certification needed for securities business operation

• Examination and Approval Department: CSRC

6. Record at the Public Security Bureau

• Examination and Approval Department: Municipal Public Security Bureau (the Administration Center of Embarkation and Disembarkation

  7. Chop of Enterprise Registration

  • Examination and Approval Department:Engraving of organization chop proposed by police station

  • 8. Enterprise Code Registration

    • Examination and Approval Department: State Bureau of Technical Supervision or The Administration Center of Organization Code)

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

12. Financial Registration

• Examination and Approval Department: The Financial Bureau

13. Statistic Registration

• Examination and Approval Department: The Statistical Bureau

14. Beijing Customs

• Examination and Approval Department: The Customs