Article 2

The following conditions shall be satisfied when applying for the establishment of an investment company:

I. 1. The foreign investor shall have good financial credit and shall possess the economic capability required by the establishment of an investment company. The total assets of the investor one year before the application is submitted shall be no less than US $ 400 million. And the investor has already established, within the territory of China, enterprises with foreign investment, with the actually paid-in contribution of registered capital exceeding US $ 10 million and with the project proposals for more than three projects approved, or: 2. The foreign investor shall have good financial credit and shall possess the economic capability required by the establishment of an investment company. And the investor has already established, within the territory of China, more than ten enterprises with foreign investment which are engaged in production and infrastructure construction, with the actually paid-in contribution of registered capital exceeding US $ 30 million;

II. Where an investment company is established in the form of an equity joint venture, the Chinese investor shall have good financial credit and shall possess the economic capability required by the establishment of an investment company, with the total assets of no less than RMB100 million yuan;

III. The registered capital of an investment company shall be no less than US $ 30 million.