Fund sales license application requirements and fees

How much is the filing fee for a Shenzhen fund company? What is the application process for a public fund sales license? How much is the application fee for a public fund sales license? How much does it cost to acquire a fund sales license? What information is needed to apply for a public fund sales license? What are the procedures and conditions for the establishment of an Internet microfinance company? What is the cost of transferring the financial license of an Internet small loan company? How much does it cost to acquire a ready-made fund company in Shenzhen?
Tengbo International currently has a number of high-quality fund companies for transfer, and an Internet small loan company for transfer, with a license. We have successfully applied for fund sales licenses for more than ten companies.
Company: Tengbo International
Address: Shenzhen Futian Excellence Times Square
Contact person: Mr. Xie
What are the application conditions for a public fund sales license? Summary of the Legal Department of Tengbo International
(1) There is a department specifically responsible for fund sales business
(2) The capital adequacy ratio complies with the relevant regulations of the Banking Regulatory Authority of the State Council
(3) In recent years No major administrative penalty or criminal penalty has been imposed
(4) The number of personnel qualified to practice fund in the department responsible for the fund sales business of the company is not less than the number of employees in the department/, and the department managers responsible for the fund sales business have obtained the qualification to practice fund. , be familiar with the fund sales business, and have more than 10 years of experience in the fund business or more than 5 years of work experience in other financial-related institutions. The persons in charge of the fund sales business of the company's main branches have obtained fund practitioner qualifications
(5) State-owned commercial banks, joint-stock companies Commercial banks and Postal Savings Bank, etc., must have at least 100 fund practitioners qualified. City commercial banks, rural commercial banks, foreign-funded corporate banks in China, etc. must have at least 100 fund practitioners qualified.
(6) Up to now, relevant departments are gradually tightening the review and approval of applications for public fund sales licenses. Three Reasons for the Tightening of License Approval
As for the reasons for the tightening of fund sales license approval policies, the aforementioned insiders believe that there are three main aspects
First, last month, the China Securities Investment Fund Industry Association stipulated that fund management People can only sell their own fund products. To sell third-party fund products on an agency basis, they must obtain the fund sales business qualification from the China Securities Regulatory Commission and become a member of the China Fundraising Association. Any other institution or individual is not allowed to engage in fund raising activities. This has led to a large number of companies. Apply for a fund sales license.
Second, since the beginning of this year, many national ministries and commissions have jointly strengthened the rectification of illegal and illegal business activities in Internet finance. The State Administration for Industry and Commerce has suspended the registration of names with financial and other words and financial scopes. At the same time, it has banned the registration of such companies. The names and business scope of the institutions have been thoroughly reviewed, which has also affected the registration of new entities of third-party fund sales institutions. Regulators are also focusing on providing practical business guidance to licensed institutions.
The third is the third-party fund sales company that has obtained the fund sales business qualification from the China Securities Regulatory Commission, and there are nearly a thousand potential companies applying for licenses. The regulators are formulating new thresholds out of consideration of risks and the healthy development of the industry. After the document is reviewed, the review work is expected to continue.