Candidates who pass the Fund Practitioner Qualification Examination can apply for a Fund Practitioner Qualification Certificate as required, and apply for a practicing certificate from the China Securities Investment Fund Industry Association through their institution. So what is the difference between a fund practitioner qualification certificate and a practice certificate?

The difference between the Fund Qualification Certificate and the Practice Certificate

The Fund Qualification Certificate is a certificate of passing the Fund Practice Qualification Examination, and the Practice Certificate is a personal practice certificate that can be queried through the association. The Fund Practitioner Qualification Examination is an examination organized by the Asset Management Association of China. The examination schedule is determined by the Asset Management Association every year and includes a national unified examination and an appointment-based examination. The examination adopts online registration and computer-based examination to assess students. The Fund Practitioner Qualification Certificate is a necessary certificate for entering the fund industry. It is a threshold and a stepping stone to enter the fund industry. Only those who have passed this threshold can be hired by fund companies and financial institutions, which is a reflection of personal financial intelligence and a knowledge tool for individuals to make investment profits.

What institutions can apply for fund practitioner qualification certificates?

Institutions that can apply for fund business qualifications: including fund managers, commercial banks (including foreign corporate banks in China), securities companies, futures companies, insurance institutions, securities investment consulting agencies, independent fund sales agencies, and China Other institutions recognized by the China Securities Regulatory Commission.

The organization must designate a qualification administrator, who is responsible for the qualification management of employees in the organization. The appointment or replacement of a qualified administrator must be reported to the association in a timely manner, and no one may be entrusted to perform duties on his or her behalf without authorization. The qualification administrator is responsible for reviewing the basic personal information, position information, integrity information, resignation status and qualification management-related materials submitted by employees of the institution, to ensure that the information and materials are true, complete and accurate.