The subjects before the reform of the securities qualification examination are still valid, and those with qualified results shall be handled in accordance with the principle of long-term validity of the results of the securities industry association.

1. Before the reform, the qualification examination subjects were composed of basic subjects and professional subjects. The basic subjects are the basic knowledge of the securities market, and the professional subjects include securities trading, securities issuance and underwriting, securities investment analysis and securities investment funds. After the reform, the examination and approval of securities investment funds was handed over to China Asset Management Association.

2 candidates to participate in the qualification examination organized by the securities industry association, through the securities investment fund, securities market foundation or fund sales basic knowledge examination, and after passing the examination, the results are qualified. According to the principle of long-term effectiveness of the results of the securities industry association, the fund industry association will recognize the results of its various subjects before July 20 17+0, starting from July 20 17.