Minimum limit of enterprise registered capital: Finance, Insurance, Securities, Futures, Intermediary services and other industry classification requirements

When setting up different types of enterprises, Laws and regulations set different minimum requirements for its registered capital.. The following summarizes the minimum registered capital standards and legal basis for various types of enterprises by industry category., Reference for business establishment and compliance.

one, finance, Insurance, securities, Futures and intermediary services

commercial bank

According to Article 13 of the "Commercial Bank Law of the People's Republic of China", The minimum registered capital limit for establishing a national commercial bank is one billion yuan; The minimum registered capital for establishing a city commercial bank is RMB 100 million.; The minimum registered capital for establishing a rural commercial bank is RMB 50 million.. Registered capital should be paid-in capital.

foreign banks, Joint venture banks and finance companies

According to Article 5 of the "Regulations of the People's Republic of China on the Administration of Foreign-funded Financial Institutions", sole proprietorship bank, The minimum registered capital of a joint venture bank is RMB 300 million in freely convertible currency.; sole proprietorship financial company, The minimum registered capital of the joint venture financial company is RMB 200 million in freely convertible currencies.. Registered capital should be paid-in capital. A branch of a foreign bank shall be provided free of charge by its head office with working capital of no less than RMB 100 million equivalent in freely convertible currencies..

Enterprise Group Finance Company

According to Article 10 of the "Administrative Measures for Financial Companies of Enterprise Groups" (China Banking Regulatory Commission Order No. 5, 2004), The minimum registered capital for establishing a financial company is RMB 100 million, And it should be paid in RMB or an equivalent freely convertible currency.. Article 7 also stipulates, Enterprise groups applying to establish financial companies, The registered capital of the parent company one year before application is no less than RMB 800 million.

Financial asset management company

According to Article 5 of the "Financial Asset Management Company Regulations", The registered capital of the financial asset management company is RMB 10 billion, Appropriated by the Ministry of Finance. Article 6 makes it clear, Financial asset management companies are issued a "Financial Institution Legal Person License" by the People's Bank of China, and register with the industrial and commercial administration department in accordance with the law..

Fund management company

According to Article 13 of the Securities Investment Fund Law of the People's Republic of China, To establish a fund management company, the following conditions must be met:, and approved by the securities regulatory authority of the State Council: Registered capital is not less than RMB 100 million, and must be paid-in monetary capital.

Securities company

According to Article 125 of the Securities Law of the People's Republic of China, Approved by the securities regulatory authority of the State Council, Securities companies may engage in some or all of the following businesses::

• Securities Brokerage;
• Securities investment consulting;
• and securities trading, Financial advisors related to securities investment activities;
• Securities underwriting and sponsorship;
• Securities self-operation;
• Securities asset management;
• Other securities business.

Article 127 Provisions, Securities companies that engage in the business of items (1) to (3) of Article 125 of this Law, The minimum registered capital is RMB 50 million; Operating one of the businesses in Items (4) to (7), The minimum registered capital is RMB 100 million; Operating two or more of the businesses in Items (4) to (7), The minimum registered capital is RMB 500 million.. The registered capital of a securities company shall be the paid-in capital. The securities regulatory authority of the State Council shall, in accordance with the principles of prudent supervision and the risk level of each business,, The minimum amount of registered capital can be adjusted, But it shall not be less than the limit specified in the preceding paragraph.

Insurance companies and insurance agencies

According to Article 73 of the Insurance Law of the People's Republic of China, Set up an insurance company, Its minimum registered capital is RMB 200 million., and must be paid-in monetary capital. According to the business scope of insurance companies, the insurance regulatory agencies, Business scale, Can adjust the minimum amount of its registered capital, But it shall not be lower than the limit specified above.

According to the "Insurance Agency Management Regulations" (Order of China Insurance Regulatory Commission)[2004]No. 14, 2005Effective from January 1, 2019) Article 9, Insurance agencies are established in the form of partnerships or limited liability companies, Its registered capital or capital contribution shall not be less than RMB 500,000.; Established in the form of a joint stock company, Its registered capital shall not be less than RMB 10 million.

pawn shop

According to the "Pawn Management Measures" (Ministry of Commerce), Article 8 of the Ministry of Public Security Order No. 8 of 2005, The minimum registered capital of a pawn shop is 3 million yuan; Engaged in real estate mortgage pawn business, The minimum registered capital is 5 million yuan; Engaged in property rights pledge and pawn business, The minimum registered capital is 10 million yuan. The minimum registered capital of a pawn shop shall be the monetary capital paid by shareholders., Not included in kind, industrial property, non-patented technology, Capital contributed as a price for land use rights.

Futures brokerage companies and securities and futures investment consulting agencies

According to Article 21 of the "Interim Regulations on Futures Trading Administration", The establishment of a futures brokerage company must comply with the provisions of the Company Law, and should meet the following conditions: The minimum registered capital is RMB 30 million.

According to the "Interim Measures for the Administration of Securities and Futures Investment Consulting" (approved by the State Council on November 30, 1997, Article 6 (issued by the Securities Commission of the State Council on December 25, 1997), Apply for securities, Institutions with qualifications for futures investment consulting, There should be a registered capital of more than 1 million yuan.

two, Other intermediary services

travel agency

According to Article 7 of the "Travel Agency Management Regulations", The registered capital of a travel agency shall meet the following requirements:: The registered capital of an international travel agency shall not be less than RMB 1.5 million.; The registered capital of domestic travel agencies shall not be less than RMB 300,000..

accounting firm

According to Article 24 of the "CPA Law of the People's Republic of China", An accounting firm meets the following conditions:, Can be a legal person with limited liability: Registered capital of not less than 300,000 yuan.

International freight forwarding company

According to Article 10 of the "Implementation Rules of the People's Republic of China on the Management of the International Freight Transport Agency Industry" (Announcement No. 82 of the Ministry of Commerce of the People's Republic of China 2003), Every time an international freight forwarding company applies to establish a branch, The registered capital should be increased accordingly by RMB 500,000.. If the registered capital of the enterprise exceeds the minimum limit in the Regulations (5 million yuan for shipping), Air freight 3 million yuan, Land transportation, 2 million yuan for express delivery), The excess amount can be used as additional capital for establishing a branch.

Labor dispatch unit

According to Article 57 of the Labor Contract Law, Labor dispatch units shall be established in accordance with the relevant provisions of the Company Law, The registered capital shall not be less than 2 million yuan.

three, Other categories

Foreign-invested telecommunications enterprises

According to the "Regulations on the Administration of Foreign Investment in Telecommunications Enterprises" (Promulgated by Order No. 333 of the State Council of the People's Republic of China on December 11, 2001, Revised in accordance with the "Decision of the State Council on Amending the Regulations on the Administration of Foreign-Invested Telecommunications Enterprises" on September 10, 2008) Article 5, The registered capital of foreign-invested telecommunications enterprises shall comply with the following provisions::

1. Operating nationwide or across provinces, autonomous region, Basic telecommunications services within municipalities, Its minimum registered capital is RMB 1 billion; Operating value-added telecommunications services, Its minimum registered capital is RMB 10 million;
2. business province, autonomous region, Basic telecommunications services within municipalities, Its minimum registered capital is RMB 100 million; Operating value-added telecommunications services, Its minimum registered capital is RMB 1 million.

Proportion of investment by foreign investors in foreign-invested telecommunications enterprises operating basic telecommunications services (except wireless paging services), The final limit shall not exceed 49%. Proportion of investment by foreign investors in foreign-invested telecommunications enterprises that operate value-added telecommunications services (including wireless paging services in basic telecommunications services)., The final limit shall not exceed 50%. Capital contribution ratios of Chinese investors and foreign investors in foreign-invested telecommunications companies in different periods, Determined by the industry and information technology department of the State Council in accordance with relevant regulations.

direct selling company

According to Article 7 of the "Direct Selling Management Regulations", To apply to become a direct selling enterprise, you must meet the following conditions:: The paid-in registered capital is not less than RMB 80 million.

publishing company

According to Article 11 of the "Publication Administration Regulations", To establish a publishing unit, the following conditions must be met:: Have a registered capital of more than 300,000 yuan.

Auction company

According to Article 12 of the Auction Law of the People's Republic of China, To establish an auction enterprise, the following conditions must be met:: Have a registered capital of more than one million yuan. Article 13 makes it clear, Auction companies operating cultural relics auctions, Should have a registered capital of more than 10 million yuan, and personnel with expertise in cultural relics auctions.

Scrap car recycling company

According to Article 7 of the "Measures for the Administration of Scrap Vehicle Recycling" (State Council Order No. 307 on June 13, 2001), Registered capital is not less than RMB 500,000.

Real estate development company

According to Article 5 of the "Urban Real Estate Development, Operation and Management Regulations", Establishing a real estate development company, In addition to complying with relevant laws, In addition to the conditions for enterprise establishment stipulated in administrative regulations, The following conditions should also be met: Have a registered capital of more than 1 million yuan.

Tax control cash register manufacturer

According to the "Qualification Management Measures for Tax-Controlled Cash Register Manufacturing Enterprises" (reviewed and adopted at the 7th executive meeting of the Ministry of Information Industry of the People's Republic of China on September 16, 2004, Effective from December 1, 2004) Article 8, Registered capital is more than RMB 30 million.

Seed production company

According to Article 6 of the "Measures for the Administration of Crop Seed Production and Trading Licenses" (Order No. 48 of the Ministry of Agriculture on February 26, 2001), Producing conventional seeds (including original seeds) and hybrid parent seeds, Registered capital of more than 1 million yuan; Producing hybrid seeds, Registered capital of more than 5 million yuan. Article 13, Units and individuals applying for seed business licenses other than hybrid seeds for major crops, Apply for registered capital of more than 1 million yuan. Article 15, Implement selective breeding, Production, Combination of operations, Seed companies that apply for a seed business license from the Ministry of Agriculture, Apply for registered capital of more than 30 million yuan.