On June 20 12, China Asset Management Association was established and became an independent legal person association parallel to China Securities Association. The revised Securities Investment Fund Law came into effect on June 1 2003, which stipulated that fund practitioners should have the qualifications for fund practice, and authorized fund industry associations to organize examination, qualification management and business training for fund practitioners. In order to effectively fulfill the responsibilities entrusted by the new Fund Law, the Fund Industry Association actively promoted the preparations for various examinations, started the registration of qualification examinations for fund practitioners in July 201May, and organized the examinations in August.

The national unified examination system shall be implemented for the qualification examination of funds, and the China Fund Industry Association shall organize and formulate the outline, test questions and grading standards. Those who take the exam and pass the exam will obtain the corresponding qualification for fund practice, and the certificate will be issued by China Fund Industry Association.

According to the relevant provisions of the Securities Law, the Fund Law and the Practice Guidelines for Securities Investment Fund Salespersons, "fund salespersons should have the necessary professional knowledge and skills in laws, regulations, finance and finance. Engaged in fund sales activities and obtained the securities business qualification recognized by the association in accordance with relevant regulations. " "Fund sales personnel refer to personnel engaged in fund publicity, fund share sale, fund share subscription and redemption and other related activities. In the fund management company and the fund agency entrusted by the fund management company. "