Subject III of the Fund Qualification Examination, in which subject I, Fund Laws and Regulations, Professional Ethics and Business Norms, is a compulsory subject, subject II, Basic Knowledge of Securities Investment Funds and subject III, Basic Knowledge of Private Investment Funds, are optional subjects. Candidates should choose the examination subjects according to their own business types, or according to their own actual situation, difficulty balance, time, subject relevance, and compliance with candidates' career development. They can choose subjects 1 and 2.

Candidates who are engaged in Public Offering of Fund management, fund custody and other businesses can choose to take the initial test and re-test. Candidates engaged in private fund management, private asset management of securities and futures institutions, fund sales, sales payment, share registration, valuation, investment consultancy, evaluation, information technology system services and other fund businesses can choose to participate in the first, third or second subjects.