The sponsor qualification examination, also known as the sponsor representative competency examination, is organized by the China Securities Industry Association and entrusted by the China Securities Regulatory Commission, and is mainly attended by personnel engaged in investment banking business such as securities issuance, underwriting, mergers and acquisitions; A person who has passed the examination and meets other requirements stipulated by the China Securities Regulatory Commission may apply to the China Securities Regulatory Commission for registration as a sponsor representative in accordance with relevant regulations.
The sponsor is a unique securities company in the secondary market. The characteristics of this kind of securities company can be reflected from its name "sponsor", that is, the sponsor is both a guarantor and a recommender. Specifically, the sponsor institution is a securities company that undertakes the recommendation obligation of listed companies for listing in the secondary market and the guarantee obligation of listed companies for investors' information disclosure (in addition, in order to cooperate with the recommendation and guarantee work, the responsibilities of the sponsor institution also include counseling, supervision, investigation, reporting, consultation and confidentiality, etc. The guarantee obligation is the most distinctive obligation of the sponsor.