After the "Mainland Securities Law Examination" for Hong Kong professionals was held in Shenzhen in March, 2004, the Hong Kong Securities Professional Association hosted relevant examinations based on the principle of reciprocity. Zhang Weiguo, Chief Executive Officer of the Hong Kong Securities Institute, said that the qualification examination for securities and futures practitioners in Hong Kong is designed for professionals who want to join the financial services industry in Hong Kong, and it is a passport to enter the securities and futures market in Hong Kong. In order to cooperate with the implementation of CEPA, the college set up an examination room in Shenzhen for the first time to facilitate mainland professionals to take the Hong Kong qualification examination. China citizens who have valid securities or futures business qualifications in the Mainland can apply for relevant licenses in Hong Kong only by taking this examination and meeting other licensing conditions listed by the Hong Kong Securities Regulatory Commission, without passing the professional knowledge examination. At present, the vocational qualification examination has begun to accept registration, and the examination results are valid for 3 years. According to industry insiders, the official launch of this vocational qualification examination marks that the circulation of securities and futures practitioners in the Mainland and Hong Kong has entered a new stage under the CEPA framework. Mutual recognition of the qualifications of securities practitioners in the Mainland and Hong Kong is conducive to the exchanges and exchanges between securities practitioners in the two places, to the supervision and cooperation of the securities regulatory authorities in the two places, and to the docking and development of the securities markets in the two places.