Since 2003, the qualification examination for fund practitioners, as a part of the qualification examination system for securities practitioners, has been organized and implemented by China Securities Association. In order to implement the new Fund Law, the Ministry of Finance and the National Development and Reform Commission issued the Notice on Re-issuing the Administrative Fees of China Securities Regulatory Commission at the end of June 20 15, which clarified the fee standards for fund industry associations to organize qualification examinations for fund practitioners. Since then, the qualification examination for fund practitioners has been officially handed over from the securities industry association to the fund industry association.

According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

According to "People's Republic of China (PRC) Securities Investment Fund Law" and "Measures for the Administration of Securities Investment Fund Sales", personnel engaged in fund publicity, sales promotion, consulting and other businesses should first take the fund sales staff examination and obtain the qualification.

In order to improve the professional level and quality of fund practitioners, China Securities Association will hold the qualification examination for fund practitioners from September 2008.