Fund qualification certificate is a certificate to enter the fund industry, which belongs to professional qualification certificate. The qualification examination for fund sales personnel was held in China Asset Management Association. According to the provisions of the People's Republic of China (PRC) Securities Investment Fund Law and other relevant laws and regulations, the personnel engaged in fund publicity, promotion and consultation should have the professional knowledge and skills of laws and regulations, finance and finance necessary for fund sales activities, and obtain the qualification of fund practice recognized by the Association in accordance with the relevant provisions. At present, the qualification certificate of fund practice is required by the account managers of banks, securities companies and three-party wealth management companies.
II: Examination of Fund Qualification Certificate Important Information The qualification examination for fund practice consists of three subjects: Subject I, Fund Laws and Regulations, Professional Ethics and Business Standards, Subject II, Basic Knowledge of Securities Investment Funds and Subject III, Basic Knowledge of Private Equity Investment Funds. Examination system 100%, passing line 60 points. Candidates are eligible to be registered as fund practitioners if they pass the examination of subject 1 and subject 2, or pass the examination of subject 1 and subject 3. After passing the examination, candidates can apply to China Asset Management Association for fund qualification registration within four years through their institutions. Those who have not applied for the exam for more than four years need to fill in the follow-up training hours specified in the last two years or re-take the qualification examination subjects before registration.
III. Pass rate of qualification certificate for fund practice? Subject 1: fund laws and regulations, professional ethics and business norms are the most basic and the least difficult, and the overall pass rate is over 70%.
Subject 2: There are many basic knowledge theories and concepts of securities investment funds, and the passing rate is between 30% and 50%.
Subject 3: "Basic Knowledge of Private Equity Investment Fund", which needs more understanding and comprehensive calculation and analysis ability, the overall pass rate is about 30%.
Four: Why do people feel that the pass rate is relatively low? The pass rate is not too low, but why do most people think it is not high?
1. One of the reasons: the fund industry association is independently managed, and the fund qualification examination has just been handed over from the securities industry association to the fund industry association. As the new unit in charge of this work, the fund industry association naturally hopes to do better than the original unit. To this end, in the early stage of receiving, it is necessary to pay more attention and strictly control. Therefore, it is reasonable to appropriately improve the difficulty of the qualification examination for fund practitioners.
2. The second reason: the literacy of fund practitioners is uneven. In recent years, various domestic funds, including stock funds and securities funds, have developed rapidly and continued to heat up. The scale of fund employees has expanded rapidly in a short period of time. It is inevitable that the professional quality and professional quality of fund practitioners with abundant talents will be mixed under the circumstance that the fund industry is expanding a little beyond the norm or even growing wildly.
3. The third reason: employees are required to have high professional quality and professional ethics. As an important part of modern financial industry, the main job of fund industry is to allocate funds. The direction, scale and structure of capital allocation have great influence on the healthy and orderly development of the national economy. Whether focusing on the primary market, the primary and semi-primary market or the secondary market, it is naturally reasonable to conduct a comprehensive test on the professional knowledge, skills and professional ethics of fund employees according to high requirements.
4. The fourth reason: the teaching materials of the Fund have been revised. After the textbook was revised in the second half of 20 17, many knowledge points were added. Setting 100 questions From the 400-page textbook, it is conceivable that the knowledge points of 20 18 will be more detailed and the test difficulty will increase. The fund industry association has always stressed that the examination should pay attention to what should be known and what should be learned, and abandon the review mode of rote memorization. To standardize an industry, especially an important industry, we must first control the access of employees.