Release date: July 14th, 2014

Sponsored by China Futures Association (CFA), the third China Futures Practitioner Qualification Examination in 2014 was successfully administered by ATA in 35 cities across the country including Beijing, Shanghai, Guangzhou on July 12th. The exam consisted of two subjects - basic futures knowledge and futures laws and regulations, with each subject containing 155 items and lasting for 100 minutes. The results are to be released in 7 working days after the exam and available to candidates on the official website of CFA www.cfachina.org. Additionally, to better serve the candidates, the exam results will simultaneously be released on Exam Inventory Navigator – the only APP that provides official access to the exam results.

With investment consultation, asset management and subsidiary risk management launched in recent years, rapid progress has been made in opening innovative businesses in the futures industry. The new “Nine-point” Guidelines have created more opportunities for the financial industry. It allows futures institutions to hold licenses for conducting securities and funds businesses in the near future. As a result, securities and futures institutions are actively expanding financing channels and scope of business under the precondition of manageable  risks, bringing China futures industry into a rapid innovative development period. Last December, CFA distributed the draft of Regulation of Customer Asset Management Business for Futures Companies to some of the futures companies who had acquired the license for asset management, aiming to widen the scope of the futures asset management business and open one-to-many businesses. The scale of futures asset management is expected to grow more rapidly after the open-up. To highlight the advantages of futures companies, improve the competitiveness of the futures industry, and promote the innovative development of intermediary agencies, China Securities Regulatory Commission (CSRC) is drafting opinions for supporting the innovative development of futures and its derivatives and will officially release them after widely soliciting for comments. 

Sponsored by China Financial Futures Exchange, the first National Financial Futures and Derivatives Knowledge Contest for University Students concluded recently and attracted active participation of over 30,000 applications from over 600 universities across the country. The contest played an important role in enhancing the training of futures talents through helping the students learn more about financial futures and its derivatives, and guiding and promoting the students’ understanding of the future industry. 

According to CFA’s schedule, there will be two more China Futures Practitioner Qualification Examinations in 2014. Candidates can visit CFA official website at www.cfachina.org for more information and take the official courses at cfa.xueyanshe.com to learn knowledge of the futures industry.


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