Practitioners Certification Examination, Leading China's Large-Scale Computer-based Examination Service Market

Date of Release: June 10, 2015

On June 9th, Asset Management Association of China issued an announcement on www.ccgp.gov.cn , announcing that ATA won bidding on the service project for Fund Practitioners Computer-Based Certification Examination. Bidding for the service project was conducted on June 5th. ATA and three other bidders participated. After evaluation by the bidding evaluation committee, ATA won the bidding with absolute superiority in formulation of the overall plan, advanced examination technologies, tight security measures, mature test delivery and organization and perfect service support.

This is ATA’s another successful bidding for national computer-based professional certification examination, following its success in providing services for computer-based examinations including Securities Practitioners Certification  Examination, Banking Professional Certification Examination, Futures Practitioners Certification Examination, Unified National Examination for Certified Public Accountants, which testified ATA’s absolute superiority and leading position in large-scale computer-based examination services.

Asset Management Association of China was founded on June 6th 2012. It is a rather young industry association established against the background of rapid development of China's financial and capital market. It is also the first self-disciplinary organization which covers the entire fund industry chain in China's capital market. The fund industry is a typical financial mix industry, and financial institutions have a great demand for fund practitioners. The revised PRC Securities Investment Fund Law clearly defines the duties of Asset Management Association, which include formulating practice standards and business codes, organizing the certification examination for fund practitioners, qualification management and business training, facilitating industrial exchange and industry innovation. The bidding for the service project for Computer-based Fund Practitioners Certification Examination is a substantive step for the implementation of the examination.

Talents are the key foundation to development of an emerging industry. As China's Economic development has entered into a new state, optimization, adjustment, transformation and upgrading have become the main theme of the industrial development. The development of emerging industry will create many new jobs, and also needs the market-based self-disciplinary management and services by new self-disciplinary organizations and associations as well as a specialized, scientific and fair system for the management of qualification and industry entry for practitioners.

ATA has been focusing on computer-based testing and assessment for over sixteen years, and its testing and assessment technologies and services have been widely employed in certification examinations, recruitment testing, talent assessment, educational and teaching assessment of various industries,  including information technological service, banking, education, securities,  insurance and accounting etc. ATA has accumulated core technologies, rich experience and impressive capabilities in delivering large-scale computer-based examinations, which gives rise to ATA’s absolute superiority and leading position in large-scale computer-based examination services. ATA will continue to provide scientific, fair and professional computer-based examination services for talent recruitment, assessment and management in new industries.

Tips：

Securities investment funds （normally referred to as the funds）are products issued by the fund companies. In the process of issuance, management, trusteeship, registration and sale of the funds, the fund manager（namely the fund company）is mainly involved in issuance, management, registration, and sales of some funds   （Direct sales ）. What needs to be pointed out is that the fund property is independent of the fund manager’s inherent property. That is to say, on one hand, the fund company cannot include the fund property into its inherent property. Funds are not included in the scale of bankruptcy liquidation or debt collection of fund companies. On the other hand, the investor’s behavior to purchase funds does not amount to the behavior to purchase the assets of the fund company.

According to statistics released by Asset Management Association of China, as of the end of April this year, there are ninety-six fund management companies in total in the territory of China, including forty-six joint ventures and fifty domestic-funded companies. Seven security companies are qualified for the management of publicly offered funds; one company is qualified for the management of insurance funds. The amount of publicly offered funds in China exceeded RMB6,000 billion for the first time, reaching RMB6,200 billion, up tremendously by RMB958.3 billion over the end of March. The monthly increase is as high as 18.28%，which is the biggest increase ever.

Investors of publicly offered funds total 220 million , meaning that one out of six Chinese invests in publicly offered funds, which have become the second most popular wealth management product, next only to deposits.

(If there is any inconsistency or conflict between the English and Chinese version, the Chinese version shall prevail.)