Which department is more authoritative, the Financial Management Standardization Committee of China Financial Education Development Foundation or the Ministry of Labor and Social Security?
The Financial Management Standards Committee of China Financial Education Development Foundation is an independent certification body under the People's Bank of China. In the financial industry, AFP and CFP certificates are more authoritative and recognized by banks. The qualification of financial planner issued by the Ministry of Labor and Social Security belongs to the basic qualification certification, which is the same as the economist certification in the society, but not as good as AFP and CFP in the financial industry.