Release date: May 28th, 2014

Sponsored by SAC (Securities Association of China), the pre-registered exam of the forth Securities Practitioner Qualification Examination of 2014 was successfully administered by ATA on May 25th in 16 cities across the country. In the first 5 months of 2014, SAC has sponsored 1 nationally unified exam and 4 pre-registered Securities Practitioner Qualification Examinations, which makes it basically one exam per month. Such frequent administrations aim to facilitate the rapid development of the securities industry, coping with the trend and impact of mixed operation and Internet finance in the financial industry, providing support for rapid selection of qualified securities talents.

A series of documents released recently by the State allow securities, futures and fund institutions, including Internet companies and traditional finance companies, to apply for the license to run all related businesses, indicating that the business fragmentation of securities, futures and fund institutions will no longer exist in the future.

On May 9th, the State Council released the Several Opinions on Further Promoting the Healthy Development of the Capital Market (new “Nine-point” Guidelines), specifying to promote the development of mixed economy. The securities integrated operation refers to securities companies running both banking and trust businesses under the license of financial institutions.

On May 15th, CSRC (China Securities Regulatory Commission) released the Opinions on Further Promoting the Innovative Development of Securities Institutions (hereinafter referred to as the Opinions) which would serve as the guidance for the innovative development of the securities industry for a period of time in the future. The Opinions first propose that innovative development should adhere to serving the real economy.

On the 9th China Futures and Derivatives Forum held on May 24th, Huang Yuncheng, bureau-level researcher of CSRC Research Center, pointed out the trend of integration of competition between traditional financial institutions not being under the regulation of SAC and emerging institutions on the futures companies cross-licensing issue.

The Internet financial industry is experiencing a rapid development. It is expected that to accelerate the integration, more Internet companies will engage in the financial business, and there will be more financial investment in the Internet industry. Compound talents with multiple skills such as financial business knowledge, Internet information skills, marketing skills, and Internet tools application skills will be pursued by companies in both the traditional financial business and Internet financial business.

The Securities Practitioner Qualification Examination is a necessary qualification for entering the securities industry. Practitioners in securities companies, fund management companies, fund custodian institutions, fund sales institutions, securities investment consulting institutions, securities credit evaluation institutions, and other institutions certified by SAC must acquire the practicing certificate in addition to the practitioner qualification before engaging in corresponding businesses. Internet companies that intend to launch securities and finance related businesses will also need a considerable number of talents who have the securities practitioner qualification. According to the schedule of SAC, there will be 3 national unified exams and 4 pre-registered exams of Securities Practitioner Qualification Examination in 2014. Candidates can visit the official website of SAC www.sac.net.cn to learn more information.

Additionally, people, especially university students, who are interested in the futures industry can visit the official website of China Futures Association: www.cfachina.org and register the China Futures Practitioner Qualification Examination to be held in July to improve their employment competence in the financial industry.


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