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Comparison of insurance in China and Australia

As the financial management market in Australia has evolved from its emergence to development and is now becoming more mature, while working in Australia, I also pay great attention to the domestic financial management market.

Friends who are interested in financial management can take a closer look to understand the differences between Australian and domestic financial management, compare the advantages and disadvantages, and make the best choice for themselves.

The biggest difference between financial management in Australia and financial management in China for more than a year can be analyzed from four aspects. First, the development stage of the Australian financial management market is relatively mature. Maturity is reflected in the requirements for people and knowledge required for financial management in the financial economy.

A very strict industry.

This is reflected in government supervision and the certification of practitioner qualifications is quite strict.

There is no such requirement for working in a bank, but after more than a year, the government required financial management practitioners engaged in fund, bond, and foreign exchange investment to obtain financial management certification examination requirements.

There is currently no such mechanism in China.

In addition, Australia opened its market relatively early. As early as 1984, Australia opened up to foreign banks. In China, it was not until the end of 2006 that the WTO financial market was fully opened.

The Australian dollar is a freely convertible currency, while China's RMB is still far from being freely convertible.

For example, an average-income Australian family can invest in the U.S. stock market without any regulatory restrictions.

Through the Internet, banks can invest directly.

Various financial institutions can sell their fund products in Australia, which means that in banks, we sell more than 250 fund products.

This includes non-Australian fund products.

After all, Australia is a small economy, and Australia's financial market has been fully integrated into the global financial market.

After returning to China, the industry we serve has not changed. We originally served individual customers, high-end customers in banks, and provided management consulting services.

I think this industry has just begun to develop and requires a large number of financial management practitioners. Our company's current service is to provide training for various financial institutions. At the same time, we also help various financial institutions, banks, insurances, securities, and fund companies to provide

Financial consulting services.

Combined with China's local market conditions and summarizing some previous work experience, we provide them with a methodology, establish a financial management knowledge system for practitioners, and also improve their communication and sales skills.

Because they sell an intangible product, they require strong communication skills.