Release date: June 23rd, 2014

Faced with the impact and challenge from internet finance, China’s securities industry has accelerated the pace of innovative development in 2014. Active explorations and attempts have been made in talent innovation, business innovation, product innovation, etc. Recently, CSRC (China Securities Regulatory Commission) released the Opinions on Further Promoting the Innovative Development of Securities Institutions. It consists of 15 items and specifies the main objectives and specific measures to promote the innovative development of securities institutions in 3 major aspects which are building modern investment bank, encouraging business and product innovation. During the 2014 Securities Institution Innovative Development Forum, industry insiders showed great interest in the innovations of investment analyst and investment consultant. Lin Yixiang, Vice-chairman of SAC (Securities Association of China) and Chairman and General Manager of TX Investment Consulting Co., Ltd, recommended that the difficulty level of the investment analyst qualification examination should be lowered in order to increase the number of junior investment analyst and promote the Investment Analyst Proficiency Examination which identifies the junior, intermediate and senior level of investment analysts; and change the title “securities analyst” to “investment analyst”, enabling investment analysts to practice individually under supervision. He also believes similar reform is necessary for the development of investment consulting.

On June 21st and 22nd, the second National Unified Exam of Securities Practitioner Qualification Examination of 2014 was successfully administered in 39 cities across the country. As the basis of training and selecting securities professionals and the essential qualification to enter the securities industry, the Securities Practitioner Qualification Examination has qualified 100k securities professionals for the industry since its first administration over a decade ago. In recent Securities Practitioner Qualification Examinations, securities investment analysis took up less than 10% of the total subjects registered by the candidates, indicating that under the trend of innovative development, the Securities Practitioner Qualification Examination should better meet the needs of the industry’s development, accommodate more candidates, and qualify more eligible talents for the development of the industry by adjusting the difficulty level and adding more subjects. The securities professionals in future are required to have understanding of the necessary policies and knowledge of securities, investment, as well as fund, futures, macro economy and finance. Additionally, proficiency in internet and information technology is likely to become a basic requirement for future securities practitioners.

According to the schedule of SAC, there are 2 national unified exams and 4 pre-registered exams of the Securities Practitioner Qualification Examination in 2014. Candidates who are interested in engaging in the financial securities industry can visit the official website of SAC www.sac.net.cn for information about the exam and registration.


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