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in Security Business or 3 years’ in Financial Business n Pass the Funds Broker Qualification Testn China Nationality (except for special approval of CSRC) 35CapitalChinaItemn Market introducen Market Competitionn Invest Structuren Schedule of setupn Schedule of fund issuancen Business Scopen Corporate Governancen Financial Forecast36CapitalChinaFinancial AssumptionRegistration Capital: 100,000,000RMB37CapitalChinaFinancial Assumptionn Opening period 1Yn Fund issuing period n revenue reserves rate 15%n Payout ratio 100%38CapitalChinaFinancial AssumptionSize of fund Unit:’000RMB39CapitalChinaLoad OpenEnd Fund Closedend fundApplication fee1%% 1% belong to Custodian bankFrontend Load%% % belong to Custodian bankBackend Load% % belong to Custodian bankManagement fee% % belong to Fund Cor.Financial AssumptionFund Load From:CSRC40CapitalChinaFinancial Assumption TAX RATETAX TYPE Taxexempt periodTAX RATEBusiness tax rate 2Y * %Ine tax rate 2Y * 15% **by virtue of shanghai government,not formal issued by law41CapitalChinaOpening ExpenseHardwareSofeware min max avgTA system 15,000 20,000 17,500 Exchange system 1,000 2,000 1,500 Software 2,000 2,000 2,000 Call center 1,000 2,000 1,500 subtotal 19,000 26,000 22,500 Unit:’000RMBFrom:Marketresearch42CapitalChinaOpening Expense Operating exp.min max avgOperating exp 10,000 15,000 12,500 Unit:’000RMBFrom:Marketresearch43CapitalChinaOpening ExpenseTotalUnit:’000RMB44CapitalChinaFund Issuance expensemin max avgFund Check exp.160 160 160RP Exp. 2,000 2,000 2,000Ad. 9,000 15,000 12,000Disclosure exp.800 800 800Travel 1,000 1,000 1,000subtotal 12,960 18,960 15,960Unit:’000RMBFrom:Marketresearch45CapitalChinaUnit:1personOperating exp.—number of staff 46CapitalChinaUnit:’000RMBOperating exp.—salary of staff 47CapitalChinaUnit:1billionRMBOperating expense48CapitalChinaUnit:1billionRMBSummary of PL 49CapitalChinaSummary of Cashflow IRR: %50CapitalChinaTHANKS 51CapitalChina謝謝觀看 /歡迎下載BY FAITH I MEAN A VISION OF GOOD ONE CHERISHES AND THE ENTHUSIASM THAT PUSHES ONE TO SEEK ITS FULFILLMENT REGARDLESS OF OBSTACLES. BY FAITH I BY FAITH