1. Fund Industry Regulations "Layoff without Certificates" The China Asset Management Association has issued relevant regulations requiring private equity fund executives, legal persons, partners, etc. to obtain fund practitioner qualifications and possess fund practitioner qualification certificates. Products cannot be sold without such certificates.

In addition, fund managers, business personnel, and marketing personnel in commercial banks, securities companies, insurance institutions, futures companies, independent fund sales agencies, and other institutions recognized by the China Securities Regulatory Commission must obtain fund qualifications.

To put it simply, in industries related to funds and finance, all employees must have a fund professional qualification certificate.

2. Current situation of fund practitioners Since 2016, the country has canceled 433 qualification exams.

However, the subjects of the Fund Practitioner Qualification Examination have not been reduced, but three subjects have been added.

This is closely related to my country's current economic development and industry standardization.

In recent years, the development of my country's real economy has faced severe challenges and lack of motivation. On the contrary, the virtual economy has developed rapidly, especially various types of funds such as equity funds and securities funds, which have developed very rapidly and continue to heat up.

This expansionary development of the fund industry presents both opportunities and major challenges.

Financial elites must have relatively higher professional and professional standards.

The Fund Practitioner Qualification Examination has been transferred from the Securities Industry Association to the Fund Industry Association, with the goal of more direct and stricter management of effective practitioners.

Under this background and goal, the new management agency is bound to treat examinations more strictly.

There is a huge gap in fund qualification certificate holders.

However, the pass rate of the Fund Practitioner Qualification Examination is not high, so as an admission certificate to the fund industry, the value of the Fund Practitioner Qualification Certificate is also rising.