CFA China News
Fudan University becomes CFA Program Partner
Nan Fang Daily, 22 Jul 09
CFA Institute announces that Fudan University has become a CFA Program Partner of CFA Institute. The partnership means that its financial program covers 70-90 percent of the CFA Program Candidate Body of Knowledge (CBOK). The CFA designation is globally recognized by employers, investment professionals, and investors as the gold standard, by which to measure serious investment professionals. The first CFA exam in mainland China was conducted in 1996, with 24 registered for the exam. In 2008, there were 17,000 CFA exam registrations. Currently there’re more than 1,500 CFA charterholders in mainland China.
http://www.nanfangdaily.com.cn/epaper/nfrb/content/20090722/ArticelB207004FM.htm
Crisis prompts finance professionals to upgrade
xinhuanet.com
24 June 2009
The world’s financial crisis is prompting many professionals to upgrade themselves by taking up finance-related education or training courses. The global industry recognition of the gold standard CFA charter is proving the point, with a record-breaking 130,000 registrations recorded for the June 2009 exams, representing a 14% year-on-year increase. The program covers finance theories, quantitative methods, and also ethics, which is extremely important at time of crisis. The three-level exams are not easy to pass, with only 35% passing the Dec 2008 exam. The crisis has prompted many experienced fund managers to realize that they themselves would need to beef up their financial knowledge, causing an explosive chase after the CFA credential and others. With regulations and governance getting tighter, risk management getting stricter, and investors becoming more cautious, the requirements on financial practitioners and analysts are also getting higher. CFA registrations grew 4%, 18%, 21%, 24%, 19%, & 25% in the US, Europe, UK, Germany, the Middle East, and Asia respectively. The crisis is sending a challenging signal to traditional finance schools which focus on theories rather than practice and ethics. Some changes are gradually taking place, with more than 90 business schools around the world having incorporated the CFA Program into their curriculum.
1. 24Jun09 21cn.com http://news.21cn.com/gundong/roll/2009/06/24/6477240.shtml
2. 24Jun09 66wz.com http://news.66wz.com/system/2009/06/24/101283380.shtml
Academics and industry collaborate to pick financial talents
Original article from Shanghai Jiao Tong University’s Shanghai Advanced Institute of Finance website (http://www.saif.sjtu.edu.cn/), 5 July 2009
Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, interviewed its first batch of 2010 MBA program applicants, many of whom are senior executives from major domestic and multinational firms, with some already carrying CFA, FRM, CFP, CPA, CTA, ACCA, AIA, and other credentials.
1. 7Jul09 mbajyz.cn http://www.mbajyz.cn/xw/ShowArticle.asp?ArticleID=17484
2. 8Jul09 tqmba.com http://www.tqmba.com/show.aspx?id=3491&cid=22